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DOCUMENT AND ENTITY INFORMATION - USD ($)	12 Months Ended
DOCUMENT AND ENTITY INFORMATION - USD ($)	Dec. 31, 2017	Mar. 09, 2018	Jun. 30, 2017
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Entity Registrant Name	Bimini Capital Management, Inc.
Entity Central Index Key	0001275477
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Well Known Seasoned Issuer	No
Entity Public Float			$ 24,300,000
Trading Symbol	BMNM
Class A Common Stock [Member]
Entity Common Stock Shares Outstanding		12,743,959
Class B Common Stock [Member]
Entity Common Stock Shares Outstanding		31,938
Class C Common Stock [Member]
Entity Common Stock Shares Outstanding		31,938

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Mortgage Backed Securities At Fair Value [Abstract]
Pledged to counterparties	$ 209,269,791	$ 129,582,386
Unpledged	422,341	719,603
Total mortgage-backed securities	209,692,132	130,301,989
Cash and cash equivalents	6,103,250	4,429,459
Restricted cash	2,649,610	1,221,978
Orchid Island Capital, Inc. common stock, at fair value	14,105,934	15,108,240
Retained interests in securitizations	653,380	1,113,736
Accrued interest receivable	746,121	512,760
Property and equipment, net	3,359,312	3,407,040
Net deferred tax assets	44,524,584	63,833,063
Other assets	2,754,474	2,942,139
Total Assets	284,588,797	222,870,404
Liabilities
Outstanding repurchase obligations	200,182,751	121,827,586
Junior subordinated notes due to Bimini Capital Trust II	26,804,440	26,804,440
Accrued interest payable	346,444	114,199
Other Liabilities	1,562,914	1,977,281
Total Liabilities	228,896,549	150,723,506
Stockholders' Equity
Preferred stock	0	0
Common stock	12,725	12,696
Additional paid in capital	334,878,779	334,850,838
Accumulated deficit	(279,199,256)	(262,716,636)
Stockholders Equity	55,692,248	72,146,898
Total Liabilities and Stockholders' Equity	284,588,797	222,870,404
Class A Common Stock [Member]
Stockholders' Equity
Common stock	12,661	12,632
Class B Common Stock [Member]
Stockholders' Equity
Common stock	32	32
Class C Common Stock [Member]
Stockholders' Equity
Common stock	32	32
Residential Mortgage Backed Securities [Member]
Mortgage Backed Securities At Fair Value [Abstract]
Pledged to counterparties	209,269,791	129,582,386
Unpledged	422,341	719,603
Total mortgage-backed securities	$ 209,692,132	$ 130,301,989

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Preferred Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Shares Authorized	10,000,000	10,000,000
Preferred Shares Issued	0	0
Preferred Shares Outstanding	0	0
Preferred Stock Value	$ 0	$ 0
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	100,000,000	100,000,000
Common Stock Value Outstanding	$ 12,725	$ 12,696
Class A Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	98,000,000	98,000,000
Common Stock Shares Issued	12,660,627	12,631,627
Common Stock Shares Outstanding	12,660,627	12,631,627
Common Stock Value Outstanding	$ 12,661	$ 12,632
Class B Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	1,000,000	1,000,000
Common Stock Shares Issued	31,938	31,938
Common Stock Shares Outstanding	31,938	31,938
Common Stock Value Outstanding	$ 32	$ 32
Class C Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	1,000,000	1,000,000
Common Stock Shares Issued	31,938	31,938
Common Stock Shares Outstanding	31,938	31,938
Common Stock Value Outstanding	$ 32	$ 32
Preferred Undesignated [Member]
Class of Stock [Line Items]
Preferred Shares Authorized	9,900,000	9,900,000
Preferred Shares Issued	0	0
Preferred Shares Outstanding	0	0
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Shares Authorized	100,000	100,000
Preferred Shares Issued	0	0
Preferred Shares Outstanding	0	0

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Revenues
Advisory services	$ 7,431,359	$ 5,488,691
Interest income	6,054,381	4,235,081
Orchid Island Capital, Inc. dividends	2,518,660	2,343,660
Total revenues	16,004,400	12,067,432
Interest expense on repurchase agreements	1,795,753	747,374
Interest expense on junior subordinated notes	1,237,614	1,108,610
Net revenues	12,971,033	10,211,448
Other income:
Unrealized (losses) gains on mortgage-backed securities	(2,066,256)	(3,785,939)
Realized gains on mortgage-backed securities	(689)	179,667
Unrealized losses on Orchid Island Capital, Inc. common stock	(2,206,541)	1,255,533
(Losses) gains on derivative instruments	(46,031)	(15,638)
Gains on retained interests in securitizations	645,221	2,425,190
Other expense, net	1,578	1,125
Total other income	(3,672,718)	59,938
Expenses
Compensation and related benefits	3,851,925	3,324,955
Directors fees and liability insurance	658,752	621,873
Audit, legal and other professional fees	455,167	599,243
Administrative and other expenses	1,436,941	1,197,593
Total expenses	6,402,785	5,743,664
Net (loss) income before income tax provision (benefit)	2,895,530	4,527,722
Income tax provision (benefit)	19,378,150	1,141,718
Net (loss) income	$ (16,482,620)	$ 3,386,004
Class A Common Stock [Member]
Basic and Diluted Net (Loss) Income Per Share of:
Basic	$ (1.3)	$ 0.27
Diluted	$ (1.3)	$ 0.27
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	12,633,216	12,698,122
Class B Common Stock [Member]
Basic and Diluted Net (Loss) Income Per Share of:
Basic	$ (1.3)	$ 0.27
Diluted	$ (1.3)	$ 0.27
Weighted Average Shares Outstanding
Weighted Average Shares - Basic and Diluted	31,938	31,938

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]
Beginning Balances at Dec. 31, 2015	$ 68,540,060	$ 12,437	$ 334,630,263	$ (266,102,640)
Increase (Decrease) in Stockholders' Equity
Net income	3,386,004	0	0	3,386,004
Issuance of Class A common shares for equity plan exercises	193,750	259	193,491	0
Amortization of stock based compensation	27,084	0	27,084	0
Ending Balances at Dec. 31, 2016	72,146,898	12,696	334,850,838	(262,716,636)
Increase (Decrease) in Stockholders' Equity
Net income	(16,482,620)	0	0	(16,482,620)
Issuance of Class A common shares for equity plan exercises	0	29	(29)	0
Amortization of stock based compensation	27,970	0	27,970	0
Ending Balances at Dec. 31, 2017	$ 55,692,248	$ 12,725	$ 334,878,779	$ (279,199,256)

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (16,482,620)	$ 3,386,004
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock based compensation	27,970	220,834
Depreciation	77,107	85,572
Deferred income tax provision (benefit)	19,308,479	999,179
Losses (gains) on mortgage-backed securities	2,066,945	3,606,272
Gains on retained interests in securitizations	(645,221)	(2,425,190)
Unrealized losses on Orchid Island Capital, Inc. common stock	(2,206,541)	1,255,533
Changes in operating assets and liabilities
Accrued interest receivable	(233,361)	(161,711)
Other assets	187,665	(240,484)
Accrued interest payable	232,245	30,242
Other liabilities	(414,367)	(556,161)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	6,331,383	3,689,024
From mortgage-backed securities investments
Purchases	(95,585,190)	(136,092,749)
Sales	1,654,834	73,061,443
Principal repayments	12,473,268	13,111,444
Payments received on retained interests in securitizations	1,105,577	2,435,732
Purchases of property and equipment	(29,379)	0
Payments To Acquire Equity Method Investments	1,204,235	1,859,277
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(81,585,125)	(49,343,407)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	1,028,157,893	1,041,580,945
Principal payments on repurchase agreements	(949,802,728)	(996,987,608)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	78,355,165	44,593,337
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	3,101,423	(1,061,046)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	5,651,437	6,712,483
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	8,752,860	5,651,437
Cash paid during the period for:
Interest	2,801,122	1,825,742
Income Taxes	$ 295,943	$ 540,627

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Organization and Significant Accounting Policies

BIMINI CAPITAL MANAGEMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Business Description

Bimini Capital Management, Inc., a Maryland corporation (“Bimini Capital” or the “Company”) formed in September 2003, is a holding company. The Company’s principal operating subsidiaries are Bimini Advisors Holdings, LLC (formerly known as Bimini Advisors, Inc.) and Royal Palm Capital, LLC (formerly known as MortCo TRS, LLC).

Bimini Advisors Holdings, LLC and its wholly-owned subsidiary, Bimini Advisors, LLC (a registered investment advisor), are collectively referred to as "Bimini Advisors." Bimini Advisors manages a residential mortgage-backed securities (“MBS”) portfolio for Orchid Island Capital, Inc. ("Orchid") and receives fees for providing these services.

Royal Palm Capital, LLC maintains an investment portfolio, consisting primarily of MBS investments, for its own benefit. Royal Palm Capital, LLC and its wholly-owned subsidiaries are collectively referred to as "Royal Palm."

Consolidation

The accompanying consolidated financial statements include the accounts of Bimini Capital, Bimini Advisors and Royal Palm. All inter-company accounts and transactions have been eliminated from the consolidated financial statements.

Financial Accounting Standards Board (the "FASB") Accounting Standards Codification ("ASC") Topic 810, Consolidation, requires the consolidation of a variable interest entity ("VIE") by an enterprise if it is deemed the primary beneficiary of the VIE. Bimini Capital has a common share investment in a trust used in connection with the issuance of Bimini Capital's junior subordinated notes. See Note 11 for a description of the accounting used for this VIE.

Basis of Presentation

The accompanying consolidated financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“GAAP”). In the opinion of management, all adjustments considered necessary for a fair presentation of the Company's consolidated financial position, results of operations and cash flows have been included and are of a normal and recurring nature.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the accompanying consolidated financial statements include determining the fair values of MBS, investment in Orchid common shares, derivatives and retained interests, and determining the amounts of asset valuation allowances and the level of deferred tax asset allowances recorded for each accounting period. As described in more detail in Note 15, estimates used for the deferred tax assets and associated asset allowances are numerous and the projection periods extend over the remaining lives of the net operating losses, to 2029 in the case of Royal Palm and 2036 in the case of Bimini. Such estimates can change materially from year to year as market conditions change or Orchid Island Capital grows through the issuance of new equity.

Statement of Comprehensive Income

In accordance with ASC Topic 220, Comprehensive Income, a statement of comprehensive income has not been included as the Company has no items of other comprehensive income. Comprehensive income is the same as net income (loss) for all periods presented.

Segment Reporting

The Company’s operations are classified into two principal reportable segments: the asset management segment and the investment portfolio segment. These segments are evaluated by management in deciding how to allocate resources and in assessing performance. The accounting policies of the operating segments are the same as the Company’s accounting policies described in this note with the exception that inter-segment revenues and expenses are included in the presentation of segment results. For further information see Note 18.

Cash and Cash Equivalents and Restricted Cash

Cash and cash equivalents include cash on deposit with financial institutions and highly liquid investments with original maturities of three months or less at the time of purchase. Restricted cash includes cash pledged as collateral for repurchase agreements and derivative instruments. The following table presents the Company’s cash, cash equivalents and restricted cash as of December 31, 2017 and 2016.

(in thousands)
	2017		2016
Cash and cash equivalents	$	6,103,250	$	4,429,459
Restricted cash		2,649,610		1,221,978
Total cash, cash equivalents and restricted cash	$	8,752,860	$	5,651,437

The Company maintains cash balances at several banks, and, at times, these balances may exceed federally insured limits. The Company has not experienced any losses related to these balances. The Federal Deposit Insurance Corporation insures eligible accounts up to $250,000 per depositor at each financial institution. At December 31, 2017, the Company’s cash deposits exceeded federally insured limits by approximately $3.8 million. Restricted cash balances are uninsured, but are held in separate customer accounts that are segregated from the general funds of the counterparty. The Company limits uninsured balances to only large, well-known banks and derivative counterparties and believes that it is not exposed to significant credit risk on cash and cash equivalents or restricted cash balances.

Advisory Services

Orchid is externally managed and advised by Bimini Advisors pursuant to the terms of a management agreement. Under the terms of the management agreement, Orchid is obligated to pay Bimini Advisors a monthly management fee and a pro rata portion of certain overhead costs and to reimburse the Company for any direct expenses incurred on its behalf.

Mortgage-Backed Securities

The Company invests primarily in mortgage pass-through (“PT”) certificates, collateralized mortgage obligations, and interest-only (“IO”) securities and inverse interest-only (“IIO”) securities representing interest in or obligations backed by pools of mortgage-backed loans. The Company has elected to account for its investment in MBS under the fair value option. Electing the fair value option requires the Company to record changes in fair value in the consolidated statement of operations, which, in management’s view, more appropriately reflects the results of our operations for a particular reporting period and is consistent with the underlying economics and how the portfolio is managed.

The Company records MBS transactions on the trade date. Security purchases that have not settled as of the balance sheet date are included in the MBS balance with an offsetting liability recorded, whereas securities sold that have not settled as of the balance sheet date are removed from the MBS balance with an offsetting receivable recorded.

The fair value of the Company’s investment in MBS is governed by ASC Topic 820, Fair Value Measurement. The definition of fair value in ASC Topic 820 focuses on the price that would be received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability either occurs in the principal market for the asset or liability, or in the absence of a principal market, occurs in the most advantageous market for the asset or liability. Estimated fair values for MBS are based on independent pricing sources and/or third party broker quotes, when available.

Income on PT MBS is based on the stated interest rate of the security. Premiums or discounts present at the date of purchase are not amortized. Premium lost and discount accretion resulting from monthly principal repayments are reflected in unrealized gains (losses) on MBS in the consolidated statements of operations. For IO securities, the income is accrued based on the carrying value and the effective yield. The difference between income accrued and the interest received on the security is characterized as a return of investment and serves to reduce the asset’s carrying value. At each reporting date, the effective yield is adjusted prospectively from the reporting period based on the new estimate of prepayments and the contractual terms of the security. For IIO securities, effective yield and income recognition calculations also take into account the index value applicable to the security. Changes in fair value of MBS during each reporting period are recorded in earnings and reported as unrealized gains or losses on mortgage-backed securities in the accompanying consolidated statements of operations. The amount reported as unrealized gains or losses on mortgage backed securities thus captures the net effect of changes in the fair market value of securities caused by market developments and any premium or discount lost as a result of principal repayments during the period.

Orchid Island Capital, Inc. Common Stock

The Company has elected the fair value option for its investment in Orchid common shares. The change in the fair value of this investment and dividends received on this investment are reflected in the consolidated statements of operations for the year ended December 31, 2017. We estimate the fair value of our investment in Orchid on a market approach using “Level 1” inputs based on the quoted market price of Orchid’s common stock on a national stock exchange. Electing the fair value option requires the Company to record changes in fair value in the consolidated statements of operations, which, in management’s view, more appropriately reflects the results of our operations for a particular reporting period and is consistent with how the investment is managed.

Retained Interests in Securitizations

Retained interests in the subordinated tranches of securities created in securitization transactions were initially recorded at their fair value when issued by Royal Palm. Subsequent adjustments to fair value are reflected in the consolidated statements of operations. Quoted market prices for these assets are generally not available, so the Company estimates fair value based on the present value of expected future cash flows using management’s best estimates of key assumptions, which include expected credit losses, prepayment speeds, weighted-average life, and discount rates commensurate with the inherent risks of the asset.

Derivative Financial Instruments

The Company uses derivative instruments to manage interest rate risk, facilitate asset/liability strategies and manage other exposures, and it may continue to do so in the future. The principal instruments that the Company has used to date are Treasury Note (“T-Note”) and Eurodollar futures contracts, but the Company may enter into other derivatives in the future.

The Company has elected not to treat any of its derivative financial instruments as hedges in order to align the accounting treatment of its derivative instruments with the treatment of its portfolio assets under the fair value option election. FASB ASC Topic 815, Derivatives and Hedging, requires that all derivative instruments be carried at fair value. Changes in fair value are recorded in the consolidated statements of operations for each period.

Holding derivatives creates exposure to credit risk related to the potential for failure on the part of counterparties to honor their commitments. In addition, the Company may be required to post collateral based on any declines in the market value of the derivatives. In the event of default by a counterparty, the Company may have difficulty recovering its collateral and may not receive payments provided for under the terms of the agreement. To mitigate this risk, the Company uses only well-established commercial banks as counterparties.

Financial Instruments

ASC Topic 825, Financial Instruments, requires disclosure of the fair value of financial instruments for which it is practicable to estimate that value, either in the body of the financial statements or in the accompanying notes. MBS, Orchid common stock, Eurodollar futures contracts, interest rate swaptions and retained interests in securitization transactions are accounted for at fair value in the consolidated balance sheets. The methods and assumptions used to estimate fair value for these instruments are presented in Note 17 of the consolidated financial statements.

The estimated fair value of cash and cash equivalents, restricted cash, accrued interest receivable, other assets, repurchase agreements, accrued interest payable and other liabilities generally approximates their carrying value as of December 31, 2017 and December 31, 2016, due to the short-term nature of these financial instruments.

It is impractical to estimate the fair value of the Company’s junior subordinated notes. Currently, there is a limited market for these types of instruments and the Company is unable to ascertain what interest rates would be available to the Company for similar financial instruments. Information regarding carrying amount and effective interest rate for these instruments is presented in Note 11 to the consolidated financial statements.

Property and Equipment, net

Property and equipment, net, consists of computer equipment with a depreciable life of 3 years, office furniture and equipment with depreciable lives of 8 to 20 years, land which has no depreciable life, and buildings and improvements with depreciable lives of 30 years. Property and equipment is recorded at acquisition cost and depreciated using the straight-line method over the estimated useful lives of the assets.

Repurchase Agreements

The Company finances the acquisition of the majority of its PT MBS through the use of repurchase agreements under master repurchase agreements. Pursuant to ASC Topic 860, Transfers and Servicing, the Company accounts for repurchase transactions as collateralized financing transactions, which are carried at their contractual amounts, including accrued interest, as specified in the respective agreements.

Share-Based Compensation

The Company follows the provisions of ASC Topic 718, Compensation – Stock Compensation, to account for stock and stock-based awards. For stock and stock-based awards issued to employees, a compensation charge is recorded against earnings over the vesting period based on the fair value of the award. The Company applies a zero forfeiture rate for its equity based awards, as such awards have been granted to a limited number of employees and historical forfeitures have been minimal. A significant forfeiture, or an indication that significant forfeitures may occur, would result in a revised forfeiture rate which would be accounted for prospectively as a change in an estimate. For transactions with non-employees in which services are performed in exchange for the Company’s common stock or other equity instruments, the transactions are recorded on the basis of the fair value of the service received or the fair value of the equity instruments issued, whichever is more readily measurable at the date of issuance.

Earnings Per Share

The Company follows the provisions of ASC Topic 260, Earnings Per Share, which requires companies with complex capital structures, common stock equivalents or two (or more) classes of securities that participate in dividend distributions to present both basic and diluted earnings per share (“EPS”) on the face of the consolidated statement of operations. Basic EPS is calculated as income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted EPS is calculated using the treasury stock or two-class method, as applicable for common stock equivalents. However, the common stock equivalents are not included in computing diluted EPS if the result is anti-dilutive.

Outstanding shares of Class B Common Stock, participating and convertible into Class A Common Stock, are entitled to receive dividends in an amount equal to the dividends declared on each share of Class A Common Stock if, as and when authorized and declared by the Board of Directors. Accordingly, shares of the Class B Common Stock are included in the computation of basic EPS using the two-class method and, consequently, are presented separately from Class A Common Stock.

The shares of Class C Common Stock are not included in the basic EPS computation as these shares do not have participation rights. The outstanding shares of Class B and Class C Common Stock are not included in the computation of diluted EPS for the Class A Common Stock as the conditions for conversion into shares of Class A Common Stock were not met.

Income Taxes

For the calendar year ended December 31, 2015, Bimini Capital, Bimini Advisors, Inc. and Royal Palm were separate taxpaying entities for income tax purposes and filed separate Federal income tax returns. Bimini Advisors, Inc. remained a separate tax paying entity through January 31, 2016; on that date, Bimini Advisors, Inc. was reorganized (as Bimini Advisors Holdings, LLC) to be an LLC wholly-owned by Bimini Capital. Beginning with the tax period starting on February 1, 2016, Bimini Capital and Bimini Advisors are combined as a single tax paying entity. Royal Palm continues to be treated as a separate tax paying entity.

Income taxes are provided for using the asset and liability method. Deferred tax assets and liabilities represent the differences between the financial statement and income tax bases of assets and liabilities using enacted tax rates. The measurement of net deferred tax assets is adjusted by a valuation allowance if, based on the Company’s evaluation, it is more likely than not that they will not be realized.

The Company’s U.S. federal income tax returns for years ended on or after December 31, 2014 remain open for examination. Although management believes its calculations for tax returns are correct and the positions taken thereon are reasonable, the final outcome of tax audits could be materially different from the tax returns filed by the Company, and those differences could result in significant costs or benefits to the Company.

The Company measures, recognizes and presents its uncertain tax positions in accordance with ASC Topic 740, Income Taxes. Under that guidance, the Company assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of uncertain tax positions is adjusted when new information is available, or when an event occurs that requires a change. The Company recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained upon examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized upon settlement. The difference between the benefit recognized and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit and is recorded as a liability in the consolidated balance sheets. The Company records income tax-related interest and penalties, if applicable, within the income tax provision.

On December 22, 2017, the U.S. Tax Cuts and Jobs Act (the “Tax Reform Act”) was signed into law by President Trump. The Tax Reform Act significantly revised the U.S. corporate income tax code by, among other things, lowering the U.S. corporate tax rate from 35% to 21% effective January 1, 2018. On the same date, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 118 which specifies, among other things, that reasonable estimates of the income tax effects of the Tax Reform Act should be used, if determinable. The Company has accounted for the effects of the Tax Reform Act using reasonable estimates based on currently available information and its interpretations thereof. This accounting may change due to, among other things, changes in interpretations the Company has made and the issuance of new tax or accounting guidance. GAAP requires that the effects of a change in tax rate on the value of deferred tax assets and deferred tax liabilities be recognized upon enactment. See Note 15 for further details of the impact of the Tax Reform Act on the Company.

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentations.

Recent Accounting Pronouncements

In November 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-18, Statement of Cash Flows – (Topic 230): Restricted Cash. ASU 2016-18 requires that restricted cash and restricted cash equivalents be included as components of total cash and cash equivalents as presented on the statement of cash flows. ASU 2016-18 is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2017. Early application is permitted. The Company adopted the ASU beginning with the first quarter of 2017. The prior period consolidated statement of cash flows has been retroactively adjusted to conform to this presentation.

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows – (Topic 230): Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. ASU 2016-15 is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2017. Early application is permitted. The Company does not believe the adoption of this ASU will have a material impact on its consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (CECL) model). ASU 2016-13 is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2019. Early application is permitted for fiscal periods beginning after December 15, 2018. The Company does not believe the adoption of this ASU will have a material impact on its consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 provides guidance for the recognition, measurement, presentation and disclosure of financial assets and financial liabilities. ASU 2016-01 is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2017 and, for most provisions, is effective using the cumulative-effect transition approach. Early application is permitted for certain provisions. The Company does not believe the adoption of this ASU will have a material impact on its consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which implements a common revenue standard and clarifies the principles used for recognizing revenue. The amendments in the ASU clarify that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in ASU No. 2014-09 will be effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. A significant amount of the Company’s revenues are derived from net interest income on financial assets and liabilities, which are excluded from the scope of the amended guidance. The Company does not believe the adoption of this ASU will have a material impact on its consolidated financial statements.

ADVISORY SERVICES

12 Months Ended

Dec. 31, 2017

Advisory Services [Abstract]

Advisory Services [Text Block]

NOTE 2. ADVISORY SERVICES

Bimini Advisors serves as the manager and advisor for Orchid pursuant to the terms of a management agreement. As Manager, Bimini Advisors is responsible for administering Orchid's business activities and day-to-day operations. Pursuant to the terms of the management agreement, Bimini Advisors provides Orchid with its management team, including its officers, along with appropriate support personnel. Bimini Advisors is at all times subject to the supervision and oversight of Orchid's board of directors and has only such functions and authority as delegated to it. Bimini Advisors receives a monthly management fee in the amount of:

One-twelfth of 1.5% of the first $250 million of the Orchid’s equity, as defined in the management agreement,
One-twelfth of 1.25% of the Orchid’s equity that is greater than $250 million and less than or equal to $500 million, and
One-twelfth of 1.00% of the Orchid’s equity that is greater than $500 million.

Orchid is obligated to reimburse Bimini Advisors for any direct expenses incurred on its behalf and to pay to Bimini Advisors an amount equal to Orchid's pro rata portion of certain overhead costs set forth in the management agreement. The management agreement has been renewed through February 2019 and provides for automatic one-year extension options. Should Orchid terminate the management agreement without cause, it will pay to Bimini Advisors a termination fee equal to three times the average annual management fee, as defined in the management agreement, before or on the last day of the automatic renewal term.

The following table summarizes the advisory services revenue from Orchid for the years ended December 31, 2017 and 2016.

(in thousands)
		2017		2016
Management fee	$	5,855	$	4,188
Allocated overhead		1,576		1,301
Total	$	7,431	$	5,489

At December 31, 2017 and 2016, the net amount due from Orchid was approximately $0.8 million and $0.6 million, respectively. These amounts are included in “other assets” in the consolidated balance sheets. During the years ended December 31, 2017 and 2016, Orchid accrued cash and equity compensation payable to officers and employees of Bimini of $0.6 million and $0.8, respectively. This compensation is not included in the consolidated statements of operations.

MORTGAGE-BACKED SECURITIES

12 Months Ended

Dec. 31, 2017

Mortgage Backed Securities [Abstract]

Mortgage-Backed Securities

NOTE 3. MORTGAGE-BACKED SECURITIES

The following table presents the Company’s MBS portfolio as of December 31, 2017 and 2016:

(in thousands)
		2017		2016
Pass-Through MBS:
	Fixed-rate Mortgages	$	207,179	$	124,299
	Total Pass-Through MBS		207,179		124,299
Structured MBS:
	Interest-Only Securities		1,476		2,654
	Inverse Interest-Only Securities		1,037		3,349
	Total Structured MBS		2,513		6,003
Total		$	209,692	$	130,302

The following table summarizes the Company’s MBS portfolio as of December 31, 2017 and 2016, according to the contractual maturities of the securities in the portfolio. Actual maturities of MBS investments are generally shorter than stated contractual maturities and are affected by the contractual lives of the underlying mortgages, periodic payments of principal, and prepayments of principal.

(in thousands)
	2017		2016
Greater than or equal to ten years	$	209,692	$	130,302
Total	$	209,692	$	130,302

RETAINED INTERESTS IN SECURITIZATIONS

12 Months Ended

Dec. 31, 2017

Retained Interests In Securitizations [Abstract]

Retained Interests In Securitizations

NOTE 4. RETAINED INTERESTS IN SECURITIZATIONS

The following table summarizes the estimated fair value of the Company’s retained interests in asset backed securities as of December 31, 2017 and 2016:

(in thousands)
Series	Issue Date	2017		2016
HMAC 2004-2	May 10, 2004	$	-	$	143
HMAC 2004-3	June 30, 2004		177		364
HMAC 2004-4	August 16, 2004		386		463
HMAC 2004-5	September 28, 2004		90		144
Total		$	653	$	1,114

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2017

Property Plant And Equipment [Abstract]

Property And Equipment [Text Block]

NOTE 5. PROPERTY AND EQUIPMENT, NET

The composition of property and equipment at December 31, 2017 and 2016 follows:

(in thousands)
		2017		2016
Land	$	2,247	$	2,247
Buildings and improvements		1,827		1,827
Computer equipment and software		165		177
Office furniture and equipment		198		180
Total cost		4,437		4,431
Less accumulated depreciation and amortization		1,078		1,024
Property and equipment, net	$	3,359	$	3,407

Depreciation of property and equipment totaled approximately $77,000 and $86,000 for the years ended December 31, 2017 and 2016, respectively.

OTHER ASSETS

12 Months Ended

Dec. 31, 2017

Other Assets Abstract

Other Assets Text Block

NOTE 6. OTHER ASSETS

The composition of other assets at December 31, 2017 and 2016 follows:

(in thousands)
		2017		2016
Prepaid expenses	$	468	$	756
Servicing advances		243		245
Servicing sale receivable, including accrued interest		222		309
Investment in Bimini Capital Trust II		804		804
Due from affiliates		797		566
Other		220		262
Total other assets	$	2,754	$	2,942

Receivables are carried at their estimated collectible amounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the counterparty to make required payments, if any. Management considers the following factors when determining the collectability of specific accounts: past transaction activity, current economic conditions and changes in payment terms. Amounts that the Company determines are no longer collectible are written off. As of December 31, 2017 and 2016, management determined that no allowance for doubtful accounts was necessary. Collections on amounts previously written off are included in income as received.

REPURCHASE AGREEMENTS

12 Months Ended

Dec. 31, 2017

Disclosure of Repurchase Agreements [Abstract]

Repurchase Agreements

NOTE 7. REPURCHASE AGREEMENTS

As of December 31, 2017, the Company had outstanding repurchase agreement obligations of approximately $200.2 million with a net weighted average borrowing rate of 1.52%. These agreements were collateralized by MBS with a fair value, including accrued interest, of approximately $210.0 million, and cash pledged to counterparty of approximately $2.2 million. As of December 31, 2016, the Company had outstanding repurchase agreement obligations of approximately $121.8 million with a net weighted average borrowing rate of 0.99%. These agreements were collateralized by MBS with a fair value, including accrued interest, of approximately $130.1 million, and cash pledged to counterparty of approximately $0.5 million.

As of December 31, 2017 and December 31, 2016, the Company’s repurchase agreements had remaining maturities as summarized below:

($ in thousands)
		OVERNIGHT		BETWEEN 2		BETWEEN 31			GREATER
		(1 DAY OR		AND		AND			THAN
		LESS)		30 DAYS		90 DAYS			90 DAYS		TOTAL
December 31, 2017
Fair value of securities pledged, including accrued
	interest receivable	$	-	$	94,649	$	115,350	$	-	$	209,999
Repurchase agreement liabilities associated with
	these securities	$	-	$	90,686	$	109,497	$	-	$	200,183
Net weighted average borrowing rate			-		1.47%		1.56%		-		1.52%
December 31, 2016
Fair value of securities pledged, including accrued
	interest receivable	$	-	$	71,565	$	41,334	$	17,172	$	130,071
Repurchase agreement liabilities associated with
	these securities	$	-	$	66,919	$	38,733	$	16,176	$	121,828
Net weighted average borrowing rate			-		1.01%		0.96%		0.98%		0.99%

If, during the term of a repurchase agreement, a lender files for bankruptcy, the Company might experience difficulty recovering its pledged assets, which could result in an unsecured claim against the lender for the difference between the amount loaned to the Company plus interest due to the counterparty and the fair value of the collateral pledged to such lender, including the accrued interest receivable, and cash posted by the Company as collateral, if any. At December 31, 2017 and December 31, 2016, the Company had an aggregate amount at risk (the difference between the amount loaned to the Company, including interest payable, and the fair value of securities and cash pledged (if any), including accrued interest on such securities) with all counterparties of approximately $11.7 million and $8.4 million, respectively. The Company did not have an amount at risk with any individual counterparty greater than 10% of the Company’s equity at December 31, 2017 and 2016.

DERIVATIVE FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

NOTE 8. DERIVATIVE FINANCIAL INSTRUMENTS

In connection with its interest rate risk management strategy, the Company economically hedges a portion of the cost of its repurchase agreement funding and junior subordinated notes by entering into derivatives and other hedging contracts. To date, the Company has entered into Eurodollar and T-Note futures contracts, but may enter into other contracts in the future. The Company has not elected hedging treatment under GAAP, and as such all gains or losses (realized and unrealized) on these instruments are reflected in earnings for all periods presented.

As of December 31, 2017 and 2016, such instruments were comprised entirely of Eurodollar futures contracts. Eurodollar and T-Note futures are cash settled futures contracts on an interest rate, with gains or losses credited or charged to the Company’s account on a daily basis and reflected in earnings as they occur. A minimum balance, or “margin”, is required to be maintained in the account on a daily basis. The Company is exposed to the changes in value of the futures by the amount of margin held by the broker. This margin represents the collateral the Company has posted for its open positions and is recorded on the consolidated balance sheets as part of restricted cash.

Eurodollar and T-Note futures are cash settled futures contracts on an interest rate, with gains and losses credited or charged to the Company’s cash accounts on a daily basis. A minimum balance, or “margin”, is required to be maintained in the account on a daily basis. The tables below present information related to the Company’s Eurodollar futures positions at December 31, 2017 and December 31, 2016.

($ in thousands)
As of December 31, 2017
		Repurchase Agreement Funding Hedges
		Average	Weighted	Weighted
		Contract	Average	Average
		Notional	Entry	LIBOR		Open
Expiration Year		Amount	Rate	Rate		Equity⁽¹⁾
2018	$	60,000	1.90%	1.97%	$	41
2019		60,000	2.32%	2.27%		(31)
2020		60,000	2.60%	2.36%		(145)
2021		60,000	2.80%	2.42%		(230)
Total / Weighted Average	$	60,000	2.41%	2.25%	$	(365)

($ in thousands)
As of December 31, 2017
		Junior Subordinated Debt Funding Hedges
		Average	Weighted	Weighted
		Contract	Average	Average
		Notional	Entry	LIBOR		Open
Expiration Year		Amount	Rate	Rate		Equity⁽¹⁾
2018	$	26,000	1.84%	1.97%	$	33
2019		26,000	1.63%	2.27%		166
2020		26,000	1.95%	2.36%		107
2021		26,000	2.22%	2.42%		51
Total / Weighted Average	$	26,000	1.91%	2.25%	$	357

($ in thousands)
As of December 31, 2016
		Repurchase Agreement Funding Hedges
		Average	Weighted	Weighted
		Contract	Average	Average
		Notional	Entry	LIBOR		Open
Expiration Year		Amount	Rate	Rate		Equity⁽¹⁾
2017	$	60,000	1.32%	1.28%	$	(26)
2018		60,000	1.90%	1.82%		(49)
2019		60,000	2.32%	2.21%		(69)
2020		60,000	2.60%	2.45%		(88)
2021		60,000	2.80%	2.64%		(93)
Total / Weighted Average	$	60,000	2.19%	2.08%	$	(325)

($ in thousands)
As of December 31, 2016
		Junior Subordinated Debt Funding Hedges
		Average	Weighted	Weighted
		Contract	Average	Average
		Notional	Entry	LIBOR		Open
Expiration Year		Amount	Rate	Rate		Equity⁽¹⁾
2017	$	26,000	1.93%	1.28%	$	(169)
2018		26,000	1.84%	1.82%		(6)
2019		26,000	1.63%	2.21%		150
2020		26,000	1.95%	2.45%		132
2021		26,000	2.22%	2.64%		110
Total / Weighted Average	$	26,000	1.91%	2.08%	$	217

Losses From Derivative Instruments, Net

The table below presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the years ended December 31, 2017 and 2016.

(in thousands)
		Consolidated
		2017		2016
Eurodollar futures contracts (short positions) - Repurchase agreement funding hedges	$	(32)	$	(318)
Eurodollar futures contracts (short positions)- Junior subordinated debt funding hedges		(14)		302
Net losses on derivative instruments	$	(46)	$	(16)

Credit Risk-Related Contingent Features

The use of derivatives creates exposure to credit risk relating to potential losses that could be recognized in the event that the counterparties to these instruments fail to perform their obligations under the contracts. The Company attempts to minimize this risk in several ways. For instruments which are not centrally cleared on a registered exchange, the Company limits it counterparties to major financial institutions with acceptable credit ratings, and by monitoring positions with individual counterparties. In addition, the Company may be required to pledge assets as collateral for its derivatives, whose amounts vary over time based on the market value, notional amount and remaining term of the derivative contract. In the event of a default by a counterparty, the Company may not receive payments provided for under the terms of its derivative agreements, and may have difficulty obtaining its assets pledged as collateral for its derivatives. The cash and cash equivalents pledged as collateral for the Company’s derivative instruments are included in restricted cash on the consolidated balance sheets.

PLEDGED ASSETS

12 Months Ended

Dec. 31, 2017

Financial Instruments Pledged as Collateral [Abstract]

Pledged Assets [Text Block]

NOTE 9. PLEDGED ASSETS

Assets Pledged to Counterparties

The tables below summarize our assets pledged as collateral under our repurchase agreements and derivative agreements as of December 31, 2017 and 2016.

($ in thousands)
As of December 31, 2017
		Repurchase		Derivative
Assets Pledged to Counterparties		Agreements		Agreements		Total
PT MBS - at fair value	$	207,179	$	-	$	207,179
Structured MBS - at fair value		2,091		-		2,091
Accrued interest on pledged securities		730		-		730
Cash		2,208		442		2,650
Total	$	212,208	$	442	$	212,650

($ in thousands)
As of December 31, 2016
		Repurchase		Derivative
Assets Pledged to Counterparties		Agreements		Agreements		Total
PT MBS - at fair value	$	124,298	$	-	$	124,298
Structured MBS - at fair value		5,284		-		5,284
Accrued interest on pledged securities		489		-		489
Cash		456		766		1,222
Total	$	130,527	$	766	$	131,293

OFFSETTING ASSETS AND LIABILITIES

12 Months Ended

Dec. 31, 2017

Offsetting [Abstract]

Offsetting Assets And Liabilities [Text Block]

NOTE 10. OFFSETTING ASSETS AND LIABILITIES

The Company’s repurchase agreements are subject to underlying agreements with master netting or similar arrangements, which provide for the right of offset in the event of default or in the event of bankruptcy of either party to the transactions. The Company reports its assets and liabilities subject to these arrangements on a gross basis. The following table presents information regarding those assets and liabilities subject to such arrangements as if the Company had presented them on a net basis as of December 31, 2017 and 2016.

(in thousands)
Offsetting of Liabilities
					Net Amount		Gross Amount Not Offset in the
					of Liabilities		Consolidated Balance Sheet
			Gross Amount		Presented		Financial
	Gross Amount		Offset in the		in the		Instruments		Cash
	of Recognized		Consolidated		Consolidated		Posted as		Posted as		Net
	Liabilities		Balance Sheet		Balance Sheet		Collateral		Collateral		Amount
December 31, 2017
Repurchase Agreements	$	200,183	$	-	$	200,183	$	(197,975)	$	(2,208)	$	-
December 31, 2016
Repurchase Agreements	$	121,828	$	-	$	121,828	$	(121,372)	$	(456)	$	-

The amounts disclosed for collateral received by or posted to the same counterparty are limited to the amount sufficient to reduce the asset or liability presented in the consolidated balance sheet to zero in accordance with ASU No. 2011-11, as amended by ASU No. 2013-01. The fair value of the actual collateral received by or posted to the same counterparty typically exceeds the amounts presented. See Note 9 for a discussion of collateral posted for, or received against, repurchase obligations and derivative instruments.

TRUST PREFERRED SECURITIES	12 Months Ended
TRUST PREFERRED SECURITIES	Dec. 31, 2017
Trust Preferred Securities [Abstract]
Trust Preferred Securities	NOTE 11. TRUST PREFERRED SECURITIES During 2005, Bimini Capital sponsored the formation of a statutory trust, known as Bimini Capital Trust II (“BCTII”) of which 100% of the common equity is owned by Bimini Capital. It was formed for the purpose of issuing trust preferred capital securities to third-party investors and investing the proceeds from the sale of such capital securities solely in junior subordinated debt securities of Bimini Capital. The debt securities held by BCTII are the sole assets of BCTII. As of December 31, 2017 and 2016, the outstanding principal balance on the junior subordinated debt securities owed to BCTII was $26.8 million. The BCTII trust preferred securities and Bimini Capital's BCTII Junior Subordinated Notes have a rate of interest that floats at a spread of 3.50% over the prevailing three-month LIBOR rate. As of December 31, 2017, the interest rate was 5.09%. The BCTII trust preferred securities and Bimini Capital's BCTII Junior Subordinated Notes require quarterly interest distributions and are redeemable at Bimini Capital's option, in whole or in part and without penalty. Bimini Capital's BCTII Junior Subordinated Notes are subordinate and junior in right of payment to all present and future senior indebtedness. BCTII is a VIE because the holders of the equity investment at risk do not have adequate decision making ability over BCTII’s activities. Since Bimini Capital's investment in BCTII's common equity securities was financed directly by BCTII as a result of its loan of the proceeds to Bimini Capital, that investment is not considered to be an equity investment at risk. Since Bimini Capital's common share investment in BCTII is not a variable interest, Bimini Capital is not the primary beneficiary of BCTII. Therefore, Bimini Capital has not consolidated the financial statements of BCTII into its consolidated financial statements and this investment is accounted for on the equity method. The accompanying consolidated financial statements present Bimini Capital's BCTII Junior Subordinated Notes issued to BCTII as a liability and Bimini Capital's investment in the common equity securities of BCTII as an asset (included in other assets). For financial statement purposes, Bimini Capital records payments of interest on the Junior Subordinated Notes issued to BCTII as interest expense.

CAPITAL STOCK

12 Months Ended

Dec. 31, 2017

Capital Stock [Abstract]

Capital Stock

NOTE 12. CAPITAL STOCK

Authorized Shares

The total number of shares of capital stock which the Company has the authority to issue is 110,000,000 shares, classified as 100,000,000 shares of common stock, and 10,000,000 shares of preferred stock. The Board of Directors has the authority to classify any unissued shares by setting or changing in any one or more respects the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications or terms or conditions of redemption of such shares.

Common Stock

Of the 100,000,000 authorized shares of common stock, 98,000,000 shares were designated as Class A common stock, 1,000,000 shares were designated as Class B common stock and 1,000,000 shares were designated as Class C common stock. Holders of shares of common stock have no sinking fund or redemption rights and have no pre-emptive rights to subscribe for any of the Company’s securities. All common shares have a $0.001 par value.

Class A Common Stock

Each outstanding share of Class A common stock entitles the holder to one vote on all matters submitted to a vote of stockholders, including the election of directors. Holders of shares of Class A common stock are not entitled to cumulate their votes in the election of directors.

Subject to the preferential rights of any other class or series of stock and to the provisions of the Company's charter, as amended, regarding the restrictions on transfer of stock, holders of shares of Class A common stock are entitled to receive dividends on such stock if, as and when authorized and declared by the Board of Directors.

Class B Common Stock

Each outstanding share of Class B common stock entitles the holder to one vote on all matters submitted to a vote of common stockholders, including the election of directors. Holders of shares of Class B common stock are not entitled to cumulate their votes in the election of directors. Holders of shares of Class A common stock and Class B common stock shall vote together as one class in all matters except that any matters which would adversely affect the rights and preferences of Class B common stock as a separate class shall require a separate approval by holders of a majority of the outstanding shares of Class B common stock. Holders of shares of Class B common stock are entitled to receive dividends on each share of Class B common stock in an amount equal to the dividends declared on each share of Class A common stock if, as and when authorized and declared by the Board of Directors.

Each share of Class B common stock shall automatically be converted into one share of Class A common stock on the first day of the fiscal quarter following the fiscal quarter during which the Company's Board of Directors were notified that, as of the end of such fiscal quarter, the stockholders' equity attributable to the Class A common stock, calculated on a pro forma basis as if conversion of the Class B common stock (or portion thereof to be converted) had occurred, and otherwise determined in accordance with GAAP, equals no less than $150.00 per share (adjusted equitably for any stock splits, stock combinations, stock dividends or the like); provided, that the number of shares of Class B common stock to be converted into Class A common stock in any quarter shall not exceed an amount that will cause the stockholders' equity attributable to the Class A common stock calculated as set forth above to be less than $150.00 per share; provided further, that such conversions shall continue to occur until all shares of Class B common stock have been converted into shares of Class A common stock; and provided further, that the total number of shares of Class A common stock issuable upon conversion of the Class B common stock shall not exceed 3% of the total shares of common stock outstanding prior to completion of an initial public offering of Bimini Capital's Class A common stock.

Class C Common Stock

No dividends will be paid on the Class C common stock. Holders of shares of Class C common stock are not entitled to vote on any matter submitted to a vote of stockholders, including the election of directors, except that any matters that would adversely affect the rights and privileges of the Class C common stock as a separate class shall require the approval of a majority of the Class C common stock.

Each share of Class C common stock shall automatically be converted into one share of Class A common stock on the first day of the fiscal quarter following the fiscal quarter during which the Company's Board of Directors were notified that, as of the end of such fiscal quarter, the stockholders' equity attributable to the Class A common stock, calculated on a pro forma basis as if conversion of the Class C common stock had occurred and giving effect to the conversion of all of the shares of Class B common stock as of such date, and otherwise determined in accordance with GAAP, equals no less than $150.00 per share (adjusted equitably for any stock splits, stock combinations, stock dividends or the like); provided, that the number of shares of Class C common stock to be converted into Class A common stock shall not exceed an amount that will cause the stockholders' equity attributable to the Class A common stock calculated as set forth above to be less than $150.00 per share; and provided further, that such conversions shall continue to occur until all shares of Class C common stock have been converted into shares of Class A common stock and provided further, that the total number of shares of Class A common stock issuable upon conversion of the Class C common stock shall not exceed 3% of the total shares of common stock outstanding prior to completion of an initial public offering of Bimini Capital's Class A common stock.

Preferred Stock

General

There are 10,000,000 authorized shares of preferred stock, with a $0.001 par value per share. The Company's Board of Directors has the authority to classify any unissued shares of preferred stock and to reclassify any previously classified but unissued shares of any series of preferred stock previously authorized by the Board of Directors. Prior to issuance of shares of each class or series of preferred stock, the Board of Directors is required by the Company’s charter to fix the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications and terms or conditions of redemption for each such class or series.

Classified and Designated Shares

Pursuant to the Company’s supplementary amendment of its charter, effective November 3, 2005, and by resolutions adopted on September 29, 2005, the Company’s Board of Directors classified and designated 1,800,000 shares of the authorized but unissued preferred stock, $0.001 par value, as Class A Redeemable Preferred Stock and 2,000,000 shares of the authorized but unissued preferred stock as Class B Redeemable Preferred Stock.

Preferred Stock

The Class A Redeemable Preferred Stock and Class B Redeemable Preferred Stock rank equal to each other and shall have the same preferences, rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms; provided, however that the redemption provisions of the Class A Redeemable Preferred Stock and the Class B Redeemable Preferred Stock differ. Each outstanding share of Class A Redeemable Preferred Stock and Class B Redeemable Preferred Stock shall have one-fifth of a vote on all matters submitted to a vote of stockholders (or such lesser fraction of a vote as would be required to comply with the rules and regulations of the NYSE relating to the Company’s right to issue securities without obtaining a stockholder vote). Holders of shares of preferred stock shall vote together with holders of shares of common stock as one class in all matters that would be subject to a vote of stockholders.

The previously outstanding shares of Class A Redeemable Preferred Stock were converted into Class A common stock on April 28, 2006. No shares of the Class B Redeemable Preferred Stock have ever been issued.

In 2015 the Board approved Articles Supplementary to the Company’s charter reclassifying and designating 1,800,000 shares of authorized but unissued Class A Redeemable Preferred Stock and 2,000,000 shares of authorized but unissued Class B Redeemable Preferred Stock into undesignated preferred stock, par value $0.001 per share, of the Company (“Preferred Stock”). After giving effect to the reclassification and designation of the shares of Class A Preferred Stock and Class B Preferred Stock, the Company has authority to issue 10,000,000 shares of undesignated Preferred Stock and no shares of Class A Preferred Stock or Class B Preferred Stock. The Articles Supplementary were filed with the State Department of Assessments and Taxation of Maryland (the “SDAT”) and became effective upon filing on December 21, 2015.

In 2015 the Board approved Articles Supplementary to the Company’s charter creating a new series of Preferred Stock designated as Series A Junior Preferred Stock, par value $0.001 per share, of the Company (the “Series A Preferred Stock”). The Articles Supplementary were filed with the SDAT and became effective upon filing on December 21, 2015.

Rights Plan

On December 21, 2015 the Board adopted a rights agreement and declared a distribution of one preferred stock purchase right (“Right”) for each outstanding share of the Company’s Class A common stock, Class B common stock, and Class C common stock. The distribution was payable to stockholders of record as of the close of business on December 21, 2015.

The Rights. Subject to the terms, provisions and conditions of the Rights Plan, if the Rights become exercisable, each Right would initially represent the right to purchase from the Company one ten-thousandth of a share of Series A Preferred Stock for a purchase price of $4.76, subject to adjustment in accordance with the terms of the Rights Plan (the “Purchase Price”). If issued, each fractional share of Series A Preferred Stock would give the stockholder approximately the same distribution, voting and liquidation rights as does one share of the Company’s Class A common stock. However, prior to exercise, a Right does not give its holder any rights as a stockholder of the Company, including without limitation any distribution, voting or liquidation rights.

Exercisability. The Rights will generally not be exercisable until the earlier of (i) 10 business days after a public announcement by the Company that a person or group has acquired 4.9% or more of the outstanding Class A common stock without the approval of the Board of Directors (an “Acquiring Person”) and (ii) 10 business days after the commencement of a tender or exchange offer by a person or group for 4.9% or more of the Class A common stock.

The date that the Rights may first become exercisable is referred to as the “Distribution Date.” Until the Distribution Date, the Class A common stock, Class B common stock and Class C common stock certificates will represent the Rights and will contain a notation to that effect. Any transfer of shares of Class A common stock, Class B common stock and/or Class C common stock prior to the Distribution Date will constitute a transfer of the associated Rights. After the Distribution Date, the Rights may be transferred other than in connection with the transfer of the underlying shares of Class A common stock, Class B common stock or Class C common stock.

After the Distribution Date and following a determination by the Board that a person is an Acquiring Person, each holder of a Right, other than Rights beneficially owned by the Acquiring Person (which will thereupon become void), will thereafter have the right to receive upon exercise of a Right and payment of the Purchase Price, that number of shares of Class A common stock, Class B common stock or Class C common stock, as the case may be, having a market value of two times the Purchase Price (or, at our option, shares of Series A Preferred Stock or other consideration as provided in the Rights Plan).

Exchange. After the Distribution Date and following a determination by the Board that a person or group is an Acquiring Person, the Board may exchange the Rights (other than Rights owned by such an Acquiring Person which will have become void), in whole or in part, at an exchange ratio of one share of Class A common stock, Class B common stock or Class C common stock, as the case may be, or a fractional share of Series A Preferred Stock (or of a share of a similar class or series of the Company’s preferred stock having similar Rights, preferences and privileges) of equivalent value, per Right (subject to adjustment).

Expiration. The Rights and the Rights Plan will expire on the earliest of (i) December 21, 2025, (ii) the time at which the Rights are redeemed pursuant to the Rights Plan, (iii) the time at which the Rights are exchanged pursuant to the Rights Plan, (iv) the repeal of Section 382 of the Code or any successor statute if the Board determines that the Rights Plan is no longer necessary for the preservation of the applicable tax benefits, (v) the beginning of a taxable year of the Company to which the Board determines that no applicable tax benefits may be carried forward and (vi) the close of business on June 30, 2016 if approval of the Rights Plan by the Company’s stockholders has not been obtained.

Redemption. At any time prior to the time an Acquiring Person becomes such, the Board may redeem the Rights in whole, but not in part, at a price of $0.001 per Right (the “Redemption Price”). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board in its sole discretion may establish. Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Anti-Dilution Provisions. The Board may adjust the Purchase Price, the number of shares of Series A Preferred Stock or other securities issuable and the number of outstanding Rights to prevent dilution that may occur as a result of certain events, including among others, a stock dividend, a forward or reverse stock split or a reclassification of the preferred shares or Class A common stock, Class B common stock or Class C common stock. No adjustments to the Purchase Price of less than 1% will be made.

Anti-Takeover Effects. While this was not the purpose of the Board when adopting the Rights Plan, the Rights will have certain anti-takeover effects. The Rights will cause substantial dilution to any person or group that attempts to acquire the Company without the approval of the Board. As a result, the overall effect of the Rights may be to render more difficult or discourage any attempt to acquire the Company even if such acquisition may be favorable to the interests of the Company’s stockholders. Because the Board can redeem the Rights, the Rights should not interfere with a merger or other business combination approved by the Board.

Amendments. Before the Distribution Date, the Board may amend or supplement the Rights Plan without the consent of the holders of the Rights. After the Distribution Date, the Board may amend or supplement the Rights Plan only to cure an ambiguity, to alter time period provisions, to correct inconsistent provisions, or to make any additional changes to the Rights Plan, but only to the extent that those changes do not impair or adversely affect, in any material respect, any Rights holder and do not result in the Rights again becoming redeemable, and no such amendment may cause the Rights again to become redeemable or cause this Rights Plan again to become amendable other than in accordance with the applicable timing of the Rights Plan.

Issuances of Common Stock

The table below presents information related to the Company’s Class A Common Stock issued during the years ended December 31, 2017 and 2016.

Shares Issued Related To:	2017	2016
Incentive plan shares	29,000	258,333
Total shares of Class A Common Stock issued	29,000	258,333

On January 12, 2018, Robert Cauley and Hunter Haas each purchased 41,666 shares of the Company’s Class A Common Stock at a price of $2.40 per share directly from the Company. These newly issued shares are not reflected in the consolidated balance sheet as of December 31, 2017.

There were no issuances of the Company's Class B Common Stock and Class C Common Stock during the years ended December 31, 2017 and 2016.

STOCK INCENTIVE PLANS

12 Months Ended

Dec. 31, 2017

Employee Benefits And Share Based Compensation [Abstract]

Stock incentive Plans

NOTE 13. STOCK INCENTIVE PLANS

Bimini Capital

On August 12, 2011, Bimini Capital’s shareholders approved the 2011 Long Term Compensation Plan (the “2011 Plan”) to assist the Company in recruiting and retaining employees, directors and other service providers by enabling them to participate in the success of Bimini Capital and to associate their interest with those of the Company and its stockholders. The 2011 Plan is intended to permit the grant of stock options, stock appreciation rights (“SARs”), stock awards, performance units and other equity-based and incentive awards. The maximum aggregate number of shares of common stock that may be issued under the 2011 Plan pursuant to the exercise of options and SARs, the grant of stock awards or other equity-based awards and the settlement of incentive awards and performance units is equal to 4,000,000 shares.

Share Awards

During 2016, the Compensation Committee of the Board of Directors of Bimini Capital (the “Committee”) approved certain performance bonuses for members of management. These bonuses were awarded primarily in recognition of service in 2015. The bonuses consisted of cash of approximately $0.5 million and 258,333 fully vested shares of the Company’s Class A Common Stock with an approximate value of $0.2 million, or $0.75 per share. The shares were issued under the 2011 Plan. For purposes of these bonuses, shares of the Company’s common stock were valued based on the closing price of the Company’s Class A Common Stock on January 15, 2016, the bonus date. The expense related to this bonus was accrued at December 31, 2015 and it did not affect the results of operations for the year ended

Performance Units

The Committee may issue Performance Units under the 2011 Plan to certain officers and employees. “Performance Units” represent the participant’s right to receive an amount, based on the value of a specified number of shares of common stock, if the terms and conditions prescribed by the Committee are satisfied. The Committee will determine the requirements that must be satisfied before Performance Units are earned, including but not limited to any applicable performance period and performance goals. Performance goals may relate to the Company’s financial performance or the participant’s performance or such other criteria determined by the Committee, including goals stated with reference to the performance measures discussed below. If Performance Units are earned, they will be settled in cash, shares of common stock or a combination thereof.

The following table presents the activity related to Performance Units during the years ended December 31, 2017 and December 31, 2016:

	2017			2016
			Weighted-			Weighted-
			Average			Average
			Grant-Date			Grant-Date
	Shares		Fair Value	Shares		Fair Value
Nonvested, at January 1	70,000	$	1.23	77,500	$	1.22
Vested during the period	(29,000)		1.78	-		-
Forfeited during the period	-		-	(7,500)		1.15
Nonvested, at December 31	41,000	$	0.84	70,000	$	1.23

($ in thousands)
		2017		2016
Compensation expense recognized during the year	$	28	$	27
Unrecognized compensation expense at year end	$	11	$	39
Weighted-average remaining vesting term (in years)		0.9		1.5
Intrinsic value of unvested shares at year end	$	107	$	183

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments And Contingencies	NOTE 14. COMMITMENTS AND CONTINGENCIES From time to time, the Company may become involved in various claims and legal actions arising in the ordinary course of business. Management is not aware of any significant reported or unreported contingencies at December 31, 2017.

INCOME TAXES

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 15. INCOME TAXES

On December 22, 2017, the Tax Reform Act was signed into law by President Trump. The Tax Reform Act significantly revised the U.S. corporate income tax code by, among other things, lowering the U.S. corporate tax rate from 35% to 21% effective January 1, 2018. On the same date, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 118 which specifies, among other things, that reasonable estimates of the income tax effects of the Tax Reform Act should be used, if determinable. GAAP requires that the impact of tax legislation be recognized in the period in which the law was enacted. The Company recorded an income tax provision of $19.4 million for the year ended December 31, 2017, including a charge of $25.9 million due to a remeasurement of deferred tax assets and liabilities resulting from the tax rate reduction. The year 2017 tax provision represents the Company’s current best estimate based on management’s current interpretation of the Tax Reform Act and may change as the Company receives additional clarification and implementation guidance.

The income tax provision included in the consolidated statements of operations consists of the following for the years ended December 31, 2017 and 2016:

(in thousands)
		2017		2016
Current	$	70	$	143
Deferred		19,308		999
Income tax provision	$	19,378	$	1,142

The income tax provision differs from the amount computed by applying the federal income tax statutory rate of 35 percent on income before income tax expense. A reconciliation of income tax at the statutory rate to income tax provision for the years ended December 31, 2017 and 2016 is presented in the table below.

(in thousands)
		2017		2016
Federal tax based on statutory rate applicable for each year	$	984	$	1,539
State income tax		157		245
Reduction of deferred tax asset due to enacted decrease in future tax rates		25,852		-
Reduction of deferred tax asset valuation allowance		(7,628)		(780)
Other		13		138
Income tax provision	$	19,378	$	1,142

Deferred tax assets consisted of the following as of December 31, 2017 and 2016:

(in thousands)
			2017		2016
Deferred tax assets:
	Net operating loss carryforwards	$	59,691	$	96,500
	Orchid Island Capital, Inc. common stock		2,349		3,291
	MBS		1,038		1,425
	Management agreement		813		1,267
	Tax hedges		49		366
	Accrued expenses		148		330
	Other		661		697
			64,749		103,876
Valuation allowance			(20,224)		(40,043)
Net deferred tax assets		$	44,525	$	63,833

As of December 31, 2017 and 2016, Bimini Capital had tax capital loss carryforwards of approximately $0.3 million and $0.3 million, respectively, which can be used to offset future realized tax capital gains. The capital loss carryforwards will begin to expire in 2019. In addition, as of December 31, 2017 and 2016, Bimini Capital had estimated federal NOL carryforwards of approximately $19.1 million and $19.3 million, respectively, and estimated Florida NOL carryforwards of $18.5 million and $18.6 million, respectively. The NOL carryforwards can be used to offset future taxable income and will begin to expire in 2028.

As of December 31, 2017, Royal Palm had tax capital loss carryforwards of approximately $0.1 million which can be used to offset future realized tax capital gains. The capital loss carryforwards will begin to expire in 2022. In addition, as of December 31, 2017, Royal Palm had estimated federal NOL carryforwards of approximately $253.5 million and estimated available Florida NOLs of approximately $26.0 million. As of December 31, 2016, Royal Palm had estimated federal NOL carryforwards of approximately $257.0 million and estimated available Florida NOLs of approximately $29.5 million. These NOLs can be used to offset future taxable income and will begin to expire in 2025.

In connection with Orchid’s 2013 IPO, Bimini Advisors paid for, and expensed for GAAP purposes, certain offering costs totaling approximately $3.2 million. For tax purposes, these offering costs created an intangible asset related to the management agreement with a tax basis of $3.2 million. The deferred tax asset related to the intangible asset at December 31, 2017 and 2016 totaled approximately$0.8 million and $1.3 million, respectively.

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of capital loss and NOL carryforwards is dependent upon the generation of future capital gains and taxable income in periods prior to their expiration. The valuation allowance relates primarily to the ability to utilize the NOL carryforwards of Bimini Capital and Royal Palm in future periods and is based on management’s estimated projections of future taxable income. With respect to the utilization of NOL carryforwards at Bimini, management must estimate the dividends the Company will receive on its Orchid share holdings as well as the management fees and overhead sharing payments it will receive from Orchid. With respect to the MBS portfolio at Royal Palm, management makes estimates of various metrics such as the yields on the assets it will acquire, its future funding costs, future prepayment speeds and net interest margin, among others. Management must also estimate the dividends it will receive on its Orchid shares and the cash flows it will receive on the retained interests. Utilization of the NOLs is based on these estimates and the assumptions that management will be able to reinvest retained earnings in order to grow the MBS portfolio going forward and that market value will not be eroded due to adverse market conditions or hedging inefficiencies. These estimates and assumptions may change from year to year to the extent Orchid grows, thus increasing projected management fees and overhead sharing payments, and/or market conditions change such that estimates with respect to the portfolio metrics warrant revisions.

Royal Palm holds residual interests in various real estate mortgage investment conduits (“REMICs”), some of which generate excess inclusion income (“EII”), a type of taxable income pursuant to specific provisions of the Code. During 2010 (as part of the filing of its 2009 tax returns), Royal Palm reached a tax filing position related to the EII taxable income that was different from what was reported in previous periods, and included a notice of inconsistent treatment in its tax returns. Royal Palm continues to file its tax returns following its 2009 tax filing position, and it continues to include a notice of inconsistent treatment in each return.

The Company does not believe it has any unrecognized tax benefits included in its consolidated financial statements. The Company has not had any settlements in the current period with taxing authorities, nor has it recognized tax benefits as a result of a lapse of the applicable statute of limitations.

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share (EPS)

NOTE 16. EARNINGS PER SHARE

Shares of Class B common stock, participating and convertible into Class A common stock, are entitled to receive dividends in an amount equal to the dividends declared on each share of Class A common stock if, and when, authorized and declared by the Board of Directors. Following the provisions of FASB ASC 260, the Class B common stock is included in the computation of basic EPS using the two-class method, and consequently is presented separately from Class A common stock. Shares of Class B common stock are not included in the computation of diluted Class A EPS as the conditions for conversion to Class A common stock were not met at December 31, 2017 and 2016.

Shares of Class C common stock are not included in the basic EPS computation as these shares do not have participation rights. Shares of Class C common stock are not included in the computation of diluted Class A EPS as the conditions for conversion to Class A common stock were not met at December 31, 2017 and 2016.

The Company has dividend eligible stock incentive plan shares that were outstanding during the years ended December 31, 2017 and 2016. The basic and diluted per share computations include these unvested incentive plan shares if there is income available to Class A common stock, as they have dividend participation rights. The stock incentive plan shares have no contractual obligation to share in losses. Since there is no such obligation, the incentive plan shares would not be included in the basic and diluted EPS computations when no income is available to Class A common stock even though they are considered participating securities.

The table below reconciles the numerators and denominators of the basic and diluted EPS.

(in thousands, except per-share information)
				2017		2016
Basic and diluted EPS per Class A common share:
(Loss) income attributable to Class A common shares:
	Basic and diluted		$	(16,441)	$	3,378
Weighted average common shares:
	Class A common shares outstanding at the balance sheet date			12,661		12,632
	Unvested dividend-eligible share based compensation
		outstanding at the balance sheet date		-		70
	Effect of weighting			(28)		(4)
Weighted average shares-basic and diluted				12,633		12,698
(Loss) income per Class A common share:
	Basic and diluted		$	(1.30)	$	0.27

(in thousands, except per-share information)
			2017		2016
Basic and diluted EPS per Class B common share:
(Loss) income attributable to Class B common shares:
	Basic and diluted	$	(42)	$	8
Weighted average common shares:
	Class B common shares outstanding at the balance sheet date		32		32
	Effect of weighting		-		-
Weighted average shares-basic and diluted			32		32
(Loss) income per Class B common share:
	Basic and diluted	$	(1.30)	$	0.27

FAIR VALUE

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value

NOTE 17. FAIR VALUE

Authoritative accounting literature establishes a framework for using fair value to measure assets and liabilities and defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) as opposed to the price that would be paid to acquire the asset or received to assume the liability (an entry price). A fair value measure should reflect the assumptions that market participants would use in pricing the asset or liability, including the assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset and the risk of non-performance. Required disclosures include stratification of balance sheet amounts measured at fair value based on inputs the Company uses to derive fair value measurements. These stratifications are:

Level 1 valuations, where the valuation is based on quoted market prices for identical assets or liabilities traded in active markets (which include exchanges and over-the-counter markets with sufficient volume),
Level 2 valuations, where the valuation is based on quoted market prices for similar instruments traded in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market, and
Level 3 valuations, where the valuation is generated from model-based techniques that use significant assumptions not observable in the market, but observable based on Company-specific data. These unobservable assumptions reflect the Company’s own estimates for assumptions that market participants would use in pricing the asset or liability. Valuation techniques typically include option pricing models, discounted cash flow models and similar techniques, but may also include the use of market prices of assets or liabilities that are not directly comparable to the subject asset or liability.

The Company’s MBS are valued using Level 2 valuations, and such valuations are determined by the Company based on independent pricing sources and/or third-party broker quotes, when available. Because the price estimates may vary, the Company must make certain judgments and assumptions about the appropriate price to use to calculate the fair values. Alternatively, the Company could opt to have the value of all of its MBS positions determined by either an independent third-party or could do so internally.

MBS, Orchid common stock, retained interests and futures contracts were all recorded at fair value on a recurring basis during 2017 and 2016. When determining fair value measurements, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets. Fair value measurements for the retained interests are generated by a model that requires management to make a significant number of assumptions.

The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016:

(in thousands)
				Quoted Prices
				in Active		Significant
				Markets for		Other		Significant
				Identical		Observable		Unobservable
		Fair Value		Assets		Inputs		Inputs
		Measurements		(Level 1)		(Level 2)		(Level 3)
December 31, 2017
Mortgage-backed securities	$	209,692	$	-	$	209,692	$	-
Orchid Island Capital, Inc. common stock		14,106		14,106		-		-
Retained interests		653		-		-		653
December 31, 2016
Mortgage-backed securities	$	130,302	$	-	$	130,302	$	-
Orchid Island Capital, Inc. common stock		15,108		15,108		-		-
Retained interests		1,114		-		-		1,114

The following table illustrates a roll forward for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2017 and 2016:

(in thousands)
		Retained Interests
		2017		2016
Balances, January 1	$	1,114	$	1,124
Gain included in earnings		645		2,425
Collections		(1,106)		(2,435)
Balances, December 31	$	653	$	1,114

During the years ended December 31, 2017 and 2016, there were no transfers of financial assets or liabilities between levels 1, 2 or 3.

Our retained interests are valued based on a discounted cash flow approach. These values are sensitive to changes in unobservable inputs, including: estimated prepayment speeds, default rates and loss severity, weighted-average life, and discount rates. Significant increases or decreases in any of these inputs may result in significantly different fair value measurements.

The following table summarizes the significant quantitative information about our level 3 fair value measurements as of December 31, 2017.

Retained interest fair value ($ in thousands)			$	653
		CPR Range
Prepayment Assumption		(Weighted Average)
Constant Prepayment Rate		10% (10%)
		Severity Range
Default Assumptions	Probability of Default	(Weighted Average)		Range Of Loss Timing
Real Estate Owned	100%	22.7%		Next 10 Months
Loans in Foreclosure	100%	22.7%		Month 4 - 13
Loans 90 Day Delinquent	100%	45%		Month 11-28
Loans 60 Day Delinquent	85%	45%		Month 11-28
Loans 30 Day Delinquent	75%	45%		Month 11-28
Current Loans	3.3%	45%		Month 29 and Beyond
		Remaining Life Range		Discount Rate Range
Cash Flow Recognition	Valuation Technique	(Weighted Average)		(Weighted Average)
Nominal Cash Flows	Discounted Cash Flow	11.5 - 14.5 (12.1)		27.50% (27.50%)
Discounted Cash Flows	Discounted Cash Flow	1.0 - 3.3 (2.4)		27.50% (27.50%)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2017

SegmentReportingAbstract

SegmentReportingDisclosureTextBlock

NOTE 18. SEGMENT INFORMATION

The Company’s operations are classified into two principal reportable segments; the asset management segment and the investment portfolio segment.

The asset management segment includes the investment advisory services provided by Bimini Advisors to Orchid and Royal Palm. As discussed in Note 2, the revenues of the asset management segment consist of management fees and overhead reimbursements received pursuant to a management agreement with Orchid. Total revenue received under this management agreement for the years ended December 31, 2017 and 2016, were approximately $7.4 million and $5.5 million, respectively, accounting for approximately 46% and 45% of consolidated revenues, respectively.

The investment portfolio segment includes the investment activities conducted by Bimini Capital and Royal Palm. The investment portfolio segment receives revenue in the form of interest and dividend income on its investments.

Segment information for the years ended December 31, 2017 and 2016 is as follows:

(in thousands)
	Asset		Investment
	Management		Portfolio		Corporate		Eliminations		Total
2017
Advisory services, external customers	$	7,431	$	-	$	-	$	-	$	7,431
Advisory services, other operating segments⁽¹⁾		207		-		-		(207)		-
Interest and dividend income		-		8,572		1		-		8,573
Interest expense		-		(1,796)		(1,237)⁽²⁾		-		(3,033)
Net revenues		7,638		6,776		(1,236)		(207)		12,971
Other income		-		(4,306)		634 ⁽³⁾		-		(3,672)
Operating expenses⁽⁴⁾		(3,016)		(3,387)		-		-		(6,403)
Intercompany expenses⁽¹⁾		-		(207)		-		207		-
Income (loss) before income taxes	$	4,622	$	(1,124)	$	(602)	$	-	$	2,896
Assets	$	1,632	$	267,429	$	15,528	$	-	$	284,589

	Asset		Investment
	Management		Portfolio		Corporate		Eliminations		Total
2016
Advisory services, external customers	$	5,489	$	-	$	-	$	-	$	5,489
Advisory services, other operating segments⁽¹⁾		94		-		-		(94)		-
Interest and dividend income		-		6,576		2		-		6,578
Interest expense		-		(747)		(1,109)⁽²⁾		-		(1,856)
Net revenues		5,583		5,829		(1,107)		(94)		10,211
Other income		-		(2,675)		2,735 ⁽³⁾		-		60
Operating expenses⁽⁴⁾		(2,640)		(3,103)		-		-		(5,743)
Intercompany expenses⁽¹⁾		-		(94)		-		94		-
Income (loss) before income taxes	$	2,943	$	(43)	$	1,628	$	-	$	4,528
Assets	$	1,856	$	199,883	$	21,131	$	-	$	222,870

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 19. RELATED PARTY TRANSACTIONS Other Relationships with Orchid At December 31, 2017 and 2016, the Company owned 1,520,036 and 1,395,036 shares of Orchid common stock, respectively, representing approximately 2.9% and 4.2% of Orchid’s outstanding common stock. During the years ended December 31, 2017 and 2016, the Company received dividends on this common stock investment of approximately $2.5 million and $2.3 million, respectively. Robert Cauley, our Chief Executive Officer and Chairman of our Board of Directors, also serves as Chief Executive Officer and Chairman of the Board of Directors of Orchid, receives compensation from Orchid, and owns shares of common stock of Orchid. Also, Hunter Haas, our Chief Financial Officer, Chief Investment Officer and Treasurer, also serves as Chief Financial Officer, Chief Investment Officer and Secretary of Orchid, is a member of Orchid’s Board of Directors, receives compensation from Orchid, and owns shares of common stock of Orchid. Robert J. Dwyer and Frank E. Jaumot, our independent directors, each own shares of common stock of Orchid.

BASIS OF PRESENTATION (Policies)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Consolidation

Basis of Presentation

Use of Estimates

Statement of Comprehensive Income

Segment Policy

Segment Reporting

Cash and Cash Equivalents and Restricted Cash

(in thousands)
	2017		2016
Cash and cash equivalents	$	6,103,250	$	4,429,459
Restricted cash		2,649,610		1,221,978
Total cash, cash equivalents and restricted cash	$	8,752,860	$	5,651,437

Advisory Services [Policy Tex Block]

Advisory Services

Mortgage-Backed Securities

Orchid Island Capital Common Stock

Orchid Island Capital, Inc. Common Stock

Retained Interests

Retained Interests in Securitizations

Derivative Financial Instruments

Financial Instruments

Property and Equipment, net

Repurchase Agreements

Share-Based Compensation

Earnings Per Share

Income Taxes

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentations.

Recent Accounting Pronouncements

ADVISORY SERVICES (Tables)

12 Months Ended

Dec. 31, 2017

Advisory Services [Abstract]

Schedule of Advisory Fee Income [Table Text Block]

The following table summarizes the advisory services revenue from Orchid for the years ended December 31, 2017 and 2016.

(in thousands)
		2017		2016
Management fee	$	5,855	$	4,188
Allocated overhead		1,576		1,301
Total	$	7,431	$	5,489

MORTGAGE-BACKED SECURITIES (Tables)

12 Months Ended

Dec. 31, 2017

Mortgage Backed Securities [Line Items]

Schedule of Mortgage-Backed Securities Reconciliation

The following table presents the Company’s MBS portfolio as of December 31, 2017 and 2016:

(in thousands)
		2017		2016
Pass-Through MBS:
	Fixed-rate Mortgages	$	207,179	$	124,299
	Total Pass-Through MBS		207,179		124,299
Structured MBS:
	Interest-Only Securities		1,476		2,654
	Inverse Interest-Only Securities		1,037		3,349
	Total Structured MBS		2,513		6,003
Total		$	209,692	$	130,302

Schedule of MBS portfolio according to the contractual maturities of the securities in the portfolio

(in thousands)
	2017		2016
Greater than or equal to ten years	$	209,692	$	130,302
Total	$	209,692	$	130,302

RETAINED INTERESTS IN SECURITIZATIONS (Tables)

12 Months Ended

Dec. 31, 2017

Retained Interests In Securitizations [Abstract]

Schedule of Retained Interests In Securitizations

The following table summarizes the estimated fair value of the Company’s retained interests in asset backed securities as of December 31, 2017 and 2016:

(in thousands)
Series	Issue Date	2017		2016
HMAC 2004-2	May 10, 2004	$	-	$	143
HMAC 2004-3	June 30, 2004		177		364
HMAC 2004-4	August 16, 2004		386		463
HMAC 2004-5	September 28, 2004		90		144
Total		$	653	$	1,114

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2017

Property Plant And Equipment [Abstract]

Property Plant and Equipment [TextBlock]

The composition of property and equipment at December 31, 2017 and 2016 follows:

(in thousands)
		2017		2016
Land	$	2,247	$	2,247
Buildings and improvements		1,827		1,827
Computer equipment and software		165		177
Office furniture and equipment		198		180
Total cost		4,437		4,431
Less accumulated depreciation and amortization		1,078		1,024
Property and equipment, net	$	3,359	$	3,407

OTHER ASSETS (Tables)

12 Months Ended

Dec. 31, 2017

Other Assets Abstract

Schedule of Other Assets [TableTextBlock]

The composition of other assets at December 31, 2017 and 2016 follows:

(in thousands)
		2017		2016
Prepaid expenses	$	468	$	756
Servicing advances		243		245
Servicing sale receivable, including accrued interest		222		309
Investment in Bimini Capital Trust II		804		804
Due from affiliates		797		566
Other		220		262
Total other assets	$	2,754	$	2,942

REPURCHASE AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of December 31, 2017 and December 31, 2016, the Company’s repurchase agreements had remaining maturities as summarized below:

($ in thousands)
		OVERNIGHT		BETWEEN 2		BETWEEN 31			GREATER
		(1 DAY OR		AND		AND			THAN
		LESS)		30 DAYS		90 DAYS			90 DAYS		TOTAL
December 31, 2017
Fair value of securities pledged, including accrued
	interest receivable	$	-	$	94,649	$	115,350	$	-	$	209,999
Repurchase agreement liabilities associated with
	these securities	$	-	$	90,686	$	109,497	$	-	$	200,183
Net weighted average borrowing rate			-		1.47%		1.56%		-		1.52%
December 31, 2016
Fair value of securities pledged, including accrued
	interest receivable	$	-	$	71,565	$	41,334	$	17,172	$	130,071
Repurchase agreement liabilities associated with
	these securities	$	-	$	66,919	$	38,733	$	16,176	$	121,828
Net weighted average borrowing rate			-		1.01%		0.96%		0.98%		0.99%

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Eurodollar Futures Positions

($ in thousands)
As of December 31, 2017
		Repurchase Agreement Funding Hedges
		Average	Weighted	Weighted
		Contract	Average	Average
		Notional	Entry	LIBOR		Open
Expiration Year		Amount	Rate	Rate		Equity⁽¹⁾
2018	$	60,000	1.90%	1.97%	$	41
2019		60,000	2.32%	2.27%		(31)
2020		60,000	2.60%	2.36%		(145)
2021		60,000	2.80%	2.42%		(230)
Total / Weighted Average	$	60,000	2.41%	2.25%	$	(365)

($ in thousands)
As of December 31, 2017
		Junior Subordinated Debt Funding Hedges
		Average	Weighted	Weighted
		Contract	Average	Average
		Notional	Entry	LIBOR		Open
Expiration Year		Amount	Rate	Rate		Equity⁽¹⁾
2018	$	26,000	1.84%	1.97%	$	33
2019		26,000	1.63%	2.27%		166
2020		26,000	1.95%	2.36%		107
2021		26,000	2.22%	2.42%		51
Total / Weighted Average	$	26,000	1.91%	2.25%	$	357

($ in thousands)
As of December 31, 2016
		Repurchase Agreement Funding Hedges
		Average	Weighted	Weighted
		Contract	Average	Average
		Notional	Entry	LIBOR		Open
Expiration Year		Amount	Rate	Rate		Equity⁽¹⁾
2017	$	60,000	1.32%	1.28%	$	(26)
2018		60,000	1.90%	1.82%		(49)
2019		60,000	2.32%	2.21%		(69)
2020		60,000	2.60%	2.45%		(88)
2021		60,000	2.80%	2.64%		(93)
Total / Weighted Average	$	60,000	2.19%	2.08%	$	(325)

($ in thousands)
As of December 31, 2016
		Junior Subordinated Debt Funding Hedges
		Average	Weighted	Weighted
		Contract	Average	Average
		Notional	Entry	LIBOR		Open
Expiration Year		Amount	Rate	Rate		Equity⁽¹⁾
2017	$	26,000	1.93%	1.28%	$	(169)
2018		26,000	1.84%	1.82%		(6)
2019		26,000	1.63%	2.21%		150
2020		26,000	1.95%	2.45%		132
2021		26,000	2.22%	2.64%		110
Total / Weighted Average	$	26,000	1.91%	2.08%	$	217

Schedule of the effect of the Company's deriviative financial instruments on the consolidated statement of operations

Losses From Derivative Instruments, Net

The table below presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the years ended December 31, 2017 and 2016.

(in thousands)
		Consolidated
		2017		2016
Eurodollar futures contracts (short positions) - Repurchase agreement funding hedges	$	(32)	$	(318)
Eurodollar futures contracts (short positions)- Junior subordinated debt funding hedges		(14)		302
Net losses on derivative instruments	$	(46)	$	(16)

PLEDGED ASSETS (Tables)

12 Months Ended

Dec. 31, 2017

Financial Instruments Pledged as Collateral [Abstract]

Schedule of assets pledged as collateral under our repurchase agreements, prime brokerage clearing accounts, derivative agreements and insurance capital by type, including securities pledged related to securities sold but not yet settled

Assets Pledged to Counterparties

The tables below summarize our assets pledged as collateral under our repurchase agreements and derivative agreements as of December 31, 2017 and 2016.

($ in thousands)
As of December 31, 2017
		Repurchase		Derivative
Assets Pledged to Counterparties		Agreements		Agreements		Total
PT MBS - at fair value	$	207,179	$	-	$	207,179
Structured MBS - at fair value		2,091		-		2,091
Accrued interest on pledged securities		730		-		730
Cash		2,208		442		2,650
Total	$	212,208	$	442	$	212,650

($ in thousands)
As of December 31, 2016
		Repurchase		Derivative
Assets Pledged to Counterparties		Agreements		Agreements		Total
PT MBS - at fair value	$	124,298	$	-	$	124,298
Structured MBS - at fair value		5,284		-		5,284
Accrued interest on pledged securities		489		-		489
Cash		456		766		1,222
Total	$	130,527	$	766	$	131,293

OFFSETTING ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

Offsetting [Abstract]

Offsetting of Liabilties [Table Text Block]

(in thousands)
Offsetting of Liabilities
					Net Amount		Gross Amount Not Offset in the
					of Liabilities		Consolidated Balance Sheet
			Gross Amount		Presented		Financial
	Gross Amount		Offset in the		in the		Instruments		Cash
	of Recognized		Consolidated		Consolidated		Posted as		Posted as		Net
	Liabilities		Balance Sheet		Balance Sheet		Collateral		Collateral		Amount
December 31, 2017
Repurchase Agreements	$	200,183	$	-	$	200,183	$	(197,975)	$	(2,208)	$	-
December 31, 2016
Repurchase Agreements	$	121,828	$	-	$	121,828	$	(121,372)	$	(456)	$	-

CAPITAL STOCK (Tables)

12 Months Ended

Dec. 31, 2017

Capital Stock [Abstract]

Issuances of Common Stock

The table below presents information related to the Company’s Class A Common Stock issued during the years ended December 31, 2017 and 2016.

Shares Issued Related To:	2017	2016
Incentive plan shares	29,000	258,333
Total shares of Class A Common Stock issued	29,000	258,333

STOCK INCENTIVE PLANS (Tables)

12 Months Ended

Dec. 31, 2017

Employee Benefits And Share Based Compensation [Abstract]

Schedule of Performance Units outstanding

The following table presents the activity related to Performance Units during the years ended December 31, 2017 and December 31, 2016:

	2017			2016
			Weighted-			Weighted-
			Average			Average
			Grant-Date			Grant-Date
	Shares		Fair Value	Shares		Fair Value
Nonvested, at January 1	70,000	$	1.23	77,500	$	1.22
Vested during the period	(29,000)		1.78	-		-
Forfeited during the period	-		-	(7,500)		1.15
Nonvested, at December 31	41,000	$	0.84	70,000	$	1.23

($ in thousands)
		2017		2016
Compensation expense recognized during the year	$	28	$	27
Unrecognized compensation expense at year end	$	11	$	39
Weighted-average remaining vesting term (in years)		0.9		1.5
Intrinsic value of unvested shares at year end	$	107	$	183

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock

The income tax provision included in the consolidated statements of operations consists of the following for the years ended December 31, 2017 and 2016:

(in thousands)
		2017		2016
Current	$	70	$	143
Deferred		19,308		999
Income tax provision	$	19,378	$	1,142

ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock

(in thousands)
		2017		2016
Federal tax based on statutory rate applicable for each year	$	984	$	1,539
State income tax		157		245
Reduction of deferred tax asset due to enacted decrease in future tax rates		25,852		-
Reduction of deferred tax asset valuation allowance		(7,628)		(780)
Other		13		138
Income tax provision	$	19,378	$	1,142

ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Deferred tax assets consisted of the following as of December 31, 2017 and 2016:

(in thousands)
			2017		2016
Deferred tax assets:
	Net operating loss carryforwards	$	59,691	$	96,500
	Orchid Island Capital, Inc. common stock		2,349		3,291
	MBS		1,038		1,425
	Management agreement		813		1,267
	Tax hedges		49		366
	Accrued expenses		148		330
	Other		661		697
			64,749		103,876
Valuation allowance			(20,224)		(40,043)
Net deferred tax assets		$	44,525	$	63,833

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Schedule of reconciling the numerator and denominator of EPS

The table below reconciles the numerators and denominators of the basic and diluted EPS.

(in thousands, except per-share information)
				2017		2016
Basic and diluted EPS per Class A common share:
(Loss) income attributable to Class A common shares:
	Basic and diluted		$	(16,441)	$	3,378
Weighted average common shares:
	Class A common shares outstanding at the balance sheet date			12,661		12,632
	Unvested dividend-eligible share based compensation
		outstanding at the balance sheet date		-		70
	Effect of weighting			(28)		(4)
Weighted average shares-basic and diluted				12,633		12,698
(Loss) income per Class A common share:
	Basic and diluted		$	(1.30)	$	0.27

(in thousands, except per-share information)
			2017		2016
Basic and diluted EPS per Class B common share:
(Loss) income attributable to Class B common shares:
	Basic and diluted	$	(42)	$	8
Weighted average common shares:
	Class B common shares outstanding at the balance sheet date		32		32
	Effect of weighting		-		-
Weighted average shares-basic and diluted			32		32
(Loss) income per Class B common share:
	Basic and diluted	$	(1.30)	$	0.27

FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Schedule of financial assets (liabilities) measured at fair value on a recurring basis

The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016:

(in thousands)
				Quoted Prices
				in Active		Significant
				Markets for		Other		Significant
				Identical		Observable		Unobservable
		Fair Value		Assets		Inputs		Inputs
		Measurements		(Level 1)		(Level 2)		(Level 3)
December 31, 2017
Mortgage-backed securities	$	209,692	$	-	$	209,692	$	-
Orchid Island Capital, Inc. common stock		14,106		14,106		-		-
Retained interests		653		-		-		653
December 31, 2016
Mortgage-backed securities	$	130,302	$	-	$	130,302	$	-
Orchid Island Capital, Inc. common stock		15,108		15,108		-		-
Retained interests		1,114		-		-		1,114

Changes is Level 3 Assets Measured at Fair Value on a Recurring Basis

(in thousands)
		Retained Interests
		2017		2016
Balances, January 1	$	1,114	$	1,124
Gain included in earnings		645		2,425
Collections		(1,106)		(2,435)
Balances, December 31	$	653	$	1,114

Quantitative Information About Level 3 Fair Value Measurements

The following table summarizes the significant quantitative information about our level 3 fair value measurements as of December 31, 2017.

Retained interest fair value ($ in thousands)			$	653
		CPR Range
Prepayment Assumption		(Weighted Average)
Constant Prepayment Rate		10% (10%)
		Severity Range
Default Assumptions	Probability of Default	(Weighted Average)		Range Of Loss Timing
Real Estate Owned	100%	22.7%		Next 10 Months
Loans in Foreclosure	100%	22.7%		Month 4 - 13
Loans 90 Day Delinquent	100%	45%		Month 11-28
Loans 60 Day Delinquent	85%	45%		Month 11-28
Loans 30 Day Delinquent	75%	45%		Month 11-28
Current Loans	3.3%	45%		Month 29 and Beyond
		Remaining Life Range		Discount Rate Range
Cash Flow Recognition	Valuation Technique	(Weighted Average)		(Weighted Average)
Nominal Cash Flows	Discounted Cash Flow	11.5 - 14.5 (12.1)		27.50% (27.50%)
Discounted Cash Flows	Discounted Cash Flow	1.0 - 3.3 (2.4)		27.50% (27.50%)

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

SegmentReportingAbstract

ScheduleOfSegmentReportingInformationBySegmentTextBlock

Segment information for the years ended December 31, 2017 and 2016 is as follows:

(in thousands)
	Asset		Investment
	Management		Portfolio		Corporate		Eliminations		Total
2017
Advisory services, external customers	$	7,431	$	-	$	-	$	-	$	7,431
Advisory services, other operating segments⁽¹⁾		207		-		-		(207)		-
Interest and dividend income		-		8,572		1		-		8,573
Interest expense		-		(1,796)		(1,237)⁽²⁾		-		(3,033)
Net revenues		7,638		6,776		(1,236)		(207)		12,971
Other income		-		(4,306)		634 ⁽³⁾		-		(3,672)
Operating expenses⁽⁴⁾		(3,016)		(3,387)		-		-		(6,403)
Intercompany expenses⁽¹⁾		-		(207)		-		207		-
Income (loss) before income taxes	$	4,622	$	(1,124)	$	(602)	$	-	$	2,896
Assets	$	1,632	$	267,429	$	15,528	$	-	$	284,589

	Asset		Investment
	Management		Portfolio		Corporate		Eliminations		Total
2016
Advisory services, external customers	$	5,489	$	-	$	-	$	-	$	5,489
Advisory services, other operating segments⁽¹⁾		94		-		-		(94)		-
Interest and dividend income		-		6,576		2		-		6,578
Interest expense		-		(747)		(1,109)⁽²⁾		-		(1,856)
Net revenues		5,583		5,829		(1,107)		(94)		10,211
Other income		-		(2,675)		2,735 ⁽³⁾		-		60
Operating expenses⁽⁴⁾		(2,640)		(3,103)		-		-		(5,743)
Intercompany expenses⁽¹⁾		-		(94)		-		94		-
Income (loss) before income taxes	$	2,943	$	(43)	$	1,628	$	-	$	4,528
Assets	$	1,856	$	199,883	$	21,131	$	-	$	222,870

SIGNIFICANT ACCOUNTING POLICIES - Organization (Details)	12 Months Ended
	Dec. 31, 2017 USD ($)
Accounting Policies [Abstract]
Entity Incorporation, Date of Incorporation	Sep. 24, 2003
Entity Incorporation, State Country Name	Maryland
Uninsured Cash Balances	$ 3,800,000

SIGNIFICANT ACCOUNTING POLICIES - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Cash and cash equivalents	$ 6,103,250	$ 4,429,459	$ 6,712,483
Restricted cash	2,649,610	1,221,978
Cash Cash Equivalents And Restricted Cash	$ 8,752,860	$ 5,651,437	$ 6,712,483

ADVISORY SERVICES (Details) - USD ($)	12 Months Ended
ADVISORY SERVICES (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Advisory Services [Line Items]
Management Fee Revenue	$ 7,431,359	$ 5,488,691
Orchid Island Capital [Member]
Advisory Services [Line Items]
Management Fee Revenue	7,431,000	5,489,000
Due From Affiliate	800,000	600,000
Officers Compensation	600,000	800,000
Orchid Island Capital [Member] \| Management Fees [Member]
Advisory Services [Line Items]
Management Fee Revenue	5,855,000	4,188,000
Orchid Island Capital [Member] \| Overhead Allocation [Member]
Advisory Services [Line Items]
Management Fee Revenue	$ 1,576,000	$ 1,301,000

MORTGAGE-BACKED SECURITIES - MBS Portfolio (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	$ 209,692,132	$ 130,301,989
Residential Mortgage Backed Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	209,692,132	130,301,989
Residential Mortgage Backed Securities [Member] \| Total Pass Through Certificates [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	207,179,000	124,299,000
Residential Mortgage Backed Securities [Member] \| Total Pass Through Certificates [Member] \| Fixed Rate Mortgages [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	207,179,000	124,299,000
Residential Mortgage Backed Securities [Member] \| Total Strucutured MBS Certificates [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	2,513,000	6,003,000
Residential Mortgage Backed Securities [Member] \| Total Strucutured MBS Certificates [Member] \| Interest Only Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	1,476,000	2,654,000
Residential Mortgage Backed Securities [Member] \| Total Strucutured MBS Certificates [Member] \| Inverse Interest Only [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	$ 1,037,000	$ 3,349,000

MORTGAGE-BACKED SECURITIES - MBS Portfolio By Contractual Maturities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Mortgage Backed Securities [Abstract]
Greater than or equal to ten years	$ 209,692,000	$ 130,302,000
Total mortgage-backed securities	$ 209,692,132	$ 130,301,989

RETAINED INTERESTS IN SECURITIZATIONS (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Retained Interestes Securitzations [Line Items]
Transferor's Interests in Transferred Financial Assets, Fair Value	$ 653,380	$ 1,113,736
HMAC 2004-2 [Member]
Retained Interestes Securitzations [Line Items]
Transferor's Interests in Transferred Financial Assets, Fair Value	0	143,000
HMAC 2004-3 [Member]
Retained Interestes Securitzations [Line Items]
Transferor's Interests in Transferred Financial Assets, Fair Value	177,000	364,000
HMAC 2004-4 [Member]
Retained Interestes Securitzations [Line Items]
Transferor's Interests in Transferred Financial Assets, Fair Value	386,000	463,000
HMAC 2004-5 [Member]
Retained Interestes Securitzations [Line Items]
Transferor's Interests in Transferred Financial Assets, Fair Value	$ 90,000	$ 144,000

PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Total cost	$ 4,437,000	$ 4,431,000
Accumulated Depreciation	1,078,000	1,024,000
Property and equipment, net	3,359,312	3,407,040
Depreciation	3,359,000	3,407,000
Land [Member]
Property, Plant and Equipment [Line Items]
Total cost	2,247,000	2,247,000
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	1,827,000	1,827,000
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Total cost	165,000	177,000
Officer furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 198,000	$ 180,000

OTHER ASSETS (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Other Assets [Line Items]
Other assets	$ 2,754,474	$ 2,942,139
Prepaid expenses [Member]
Other Assets [Line Items]
Other assets	468,000	756,000
Servicing advances [Member]
Other Assets [Line Items]
Other assets	243,000	245,000
Servicing sale receivable [Member]
Other Assets [Line Items]
Other assets	222,000	309,000
Investment in Bimini Capital Trust II [Member]
Other Assets [Line Items]
Other assets	804,000	804,000
Due from affiliates [Member]
Other Assets [Line Items]
Other assets	797,000	566,000
Other [Member]
Other Assets [Line Items]
Other assets	$ 220,000	$ 262,000

REPURCHASE AGREEMENTS - Narrative (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Assets Sold under Agreements to Repurchase [Line Items]
Outstanding repurchase obligations	$ 200,182,751	$ 121,827,586
Fair Value of securities pledged, including accrued interest receivable	$ 209,999,000	$ 130,071,000
Net weighted average borrowing rate	1.52%	0.99%
Aggregate amount at risk will all counterparties	$ 8,400,000	$ 11,700,000

REPURCHASE AGREEMENTS - Maturities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 209,999,000	$ 130,071,000
Outstanding repurchase obligations	$ 200,182,751	$ 121,827,586
Net weighted average borrowing rate	1.52%	0.99%
Overnight (1 Day or Less) [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 0	$ 0
Outstanding repurchase obligations	$ 0	$ 0
Net weighted average borrowing rate	0.00%	0.00%
Between 2 and 30 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 94,649,000	$ 71,565,000
Outstanding repurchase obligations	$ 90,686,000	$ 66,919,000
Net weighted average borrowing rate	1.47%	1.01%
Between 31 and 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 115,350,000	$ 41,334,000
Outstanding repurchase obligations	$ 109,497,000	$ 38,733,000
Net weighted average borrowing rate	1.56%	0.96%
Greater Than 90 days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 0	$ 17,172,000
Outstanding repurchase obligations	$ 0	$ 16,176,000
Net weighted average borrowing rate	0.00%	0.98%

DERIVATIVE FINANCIAL INSTRUMENTS - Eurodollar Futures Positions (Details) - Short [Member] - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Junior Subordinated Debt Funding Hedges [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000	$ 26,000,000
Entry Rate	1.91%	1.91%
Weighted Average Effective Rate	2.25%	2.08%
Open Equity	$ 357,000	$ 217,000
Junior Subordinated Debt Funding Hedges [Member] \| Year 2017 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount		$ 26,000,000
Entry Rate		1.93%
Weighted Average Effective Rate		1.28%
Open Equity		$ (169,000)
Junior Subordinated Debt Funding Hedges [Member] \| Year 2018 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000	$ 26,000,000
Entry Rate	1.84%	1.84%
Weighted Average Effective Rate	1.97%	1.82%
Open Equity	$ 33,000	$ (6,000)
Junior Subordinated Debt Funding Hedges [Member] \| Year 2019 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000	$ 26,000,000
Entry Rate	1.63%	1.63%
Weighted Average Effective Rate	2.27%	2.21%
Open Equity	$ 166,000	$ 150,000
Junior Subordinated Debt Funding Hedges [Member] \| Year 2020 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000	$ 26,000,000
Entry Rate	1.95%	1.95%
Weighted Average Effective Rate	2.36%	2.45%
Open Equity	$ 107,000	$ 132,000
Junior Subordinated Debt Funding Hedges [Member] \| Year 2021 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000	$ 26,000,000
Entry Rate	2.22%	2.22%
Weighted Average Effective Rate	2.42%	2.64%
Open Equity	$ 51,000	$ 110,000
Repurchase Agreement Funding Hedges [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000	$ 60,000,000
Entry Rate	2.41%	2.19%
Weighted Average Effective Rate	2.25%	2.08%
Open Equity	$ (365,000)	$ (325,000)
Repurchase Agreement Funding Hedges [Member] \| Year 2017 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount		$ 60,000,000
Entry Rate		1.32%
Weighted Average Effective Rate		1.28%
Open Equity		$ (26,000)
Repurchase Agreement Funding Hedges [Member] \| Year 2018 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000	$ 60,000,000
Entry Rate	1.90%	1.90%
Weighted Average Effective Rate	1.97%	1.82%
Open Equity	$ 41,000	$ (49,000)
Repurchase Agreement Funding Hedges [Member] \| Year 2019 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000	$ 60,000,000
Entry Rate	2.32%	2.32%
Weighted Average Effective Rate	2.27%	2.21%
Open Equity	$ (31,000)	$ (69,000)
Repurchase Agreement Funding Hedges [Member] \| Year 2020 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000	$ 60,000,000
Entry Rate	2.60%	2.60%
Weighted Average Effective Rate	2.36%	2.45%
Open Equity	$ (145,000)	$ (88,000)
Repurchase Agreement Funding Hedges [Member] \| Year 2021 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000	$ 60,000,000
Entry Rate	2.80%	2.80%
Weighted Average Effective Rate	2.42%	2.64%
Open Equity	$ (230,000)	$ (93,000)

DERIVATIVE FINANCIAL INSTRUMENTS - Effect on the consolidated statements of operations(Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains on derivative instruments	$ (46,031)	$ (15,638)
Eurodollar Future [Member]
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains on derivative instruments	(46,000)	(16,000)
Eurodollar Future [Member] \| Junior Subordinated Debt Funding Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains on derivative instruments	(14,000)	302,000
Eurodollar Future [Member] \| Repurchase Agreement Funding Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains on derivative instruments	$ (32,000)	$ (318,000)

PLEDGED ASSETS - Assets Pledged to Counterparties (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	$ 209,269,791	$ 129,582,386
Accrued interest receivable	746,121	512,760
Restricted cash	2,649,610	1,221,978
Repurchase Agreements [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Accrued interest receivable	730,000	489,000
Restricted cash	2,208,000	456,000
Total Assets Pledged To Counterparties	212,208,000	130,527,000
Derivative [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Accrued interest receivable	0	0
Restricted cash	442,000	766,000
Total Assets Pledged To Counterparties	442,000	766,000
Total Pledged Financial Instruments [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Accrued interest receivable	730,000	489,000
Restricted cash	2,650,000	1,222,000
Total Assets Pledged To Counterparties	212,650,000	131,293,000
Residential Mortgage Backed Securities [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	209,269,791	129,582,386
Residential Mortgage Backed Securities [Member] \| Repurchase Agreements [Member] \| Mortgage Backed Securities Pass Through Certificates [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	207,179,000	124,298,000
Residential Mortgage Backed Securities [Member] \| Repurchase Agreements [Member] \| Mortgage Backed Securities Structured Certificates [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	2,091,000	5,284,000
Residential Mortgage Backed Securities [Member] \| Derivative [Member] \| Mortgage Backed Securities Pass Through Certificates [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	0	0
Residential Mortgage Backed Securities [Member] \| Derivative [Member] \| Mortgage Backed Securities Structured Certificates [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	0	0
Residential Mortgage Backed Securities [Member] \| Total Pledged Financial Instruments [Member] \| Mortgage Backed Securities Pass Through Certificates [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	207,179,000	124,298,000
Residential Mortgage Backed Securities [Member] \| Total Pledged Financial Instruments [Member] \| Mortgage Backed Securities Structured Certificates [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	$ 2,091,000	$ 5,284,000

OFFSTTING ASSETS AND LIABILITIES - Offsetting of Liabilties (Details) - Repurchase Agreements [Member] - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Offsetting Liabilities [Line Items]
Gross Amount Of Recognized Liabilties	$ 200,183,000	$ 121,828,000
Gross Amount Of Liabilties Offset In The Balance Sheet	0	0
Net Amount Of Liabilities Presented In The Balance Sheet	200,183,000	121,828,000
Gross Amount Of Financial Instruments Posted Not Offset in Balance Sheet	(197,975,000)	(121,372,000)
Gross Amounts Of Cash Posted Not Offset In Balance Sheet	(2,208,000)	(456,000)
Net Amount Of Liabilities	$ 0	$ 0

TRUST PREFERRED SECURITIES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Outstanding Principal Balance	$ 26,804,440	$ 26,804,440
Basis Spread on Variable Rate	3.50%
Interest Rate at Period End	5.09%

CAPITAL STOCK - Narrative (Details) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Preferred Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Shares Authorized	10,000,000	10,000,000
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	100,000,000	100,000,000
Class A Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	98,000,000	98,000,000
Class B Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	1,000,000	1,000,000
Conversion Threshhold	$ 150
Maximum Ownership Percentage	3.00%
Class C Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	1,000,000	1,000,000
Conversion Threshhold	$ 150
Maximum Ownership Percentage	3.00%
Preferred Undesignated [Member]
Class of Stock [Line Items]
Preferred Shares Authorized	9,900,000	9,900,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Shares Authorized	100,000	100,000

CAPITAL STOCK - Issuances of Common Stock (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Class A Common Stock [Member]
Class of Stock [Line Items]
Vesting Incentive Plan Shares	29,000	258,333

CAPITAL STOCK - Rights Plan (Details) - Series A Preferred Stock [Member]	12 Months Ended
	Dec. 31, 2017 $ / shares shares
Class of Warrant or Right [Line Items}
Exercise Conversion Rate \| shares	0.0001
Exercise Price \| $ / shares	$ 4.76
Percentage Of Common Stock Person Or Group Acquires To Make Rights Exercisable	4.90%
Rights Adoption Date	Dec. 21, 2015
Rights Expiration Date	Dec. 21, 2025

STOCK INCENTIVE PLAN - Descriptions of Plan (Details)	Dec. 31, 2017 shares
Employee Benefits And Share Based Compensation [Abstract]
Maximum Number of Shares to Be Issued the Plan	4,000,000

STOCK INCENTIVE PLAN - Incentive Share Awards (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period Value Share Based Compensation	$ 0	$ 193,750
Performance Units Member [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Incentive Plan Compensation Expense	28,000	27,000
Unrecognized Compensation Cost	$ 11,000	$ 39,000
Remaining Weighted Average Vesting Period	11 months 10 days	1 year 6 months 12 days
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options, Aggregate Intrinsic Value Nonvested	$ 107,000	$ 183,000
Fully Vested Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash Bonus		500,000
Stock Issued During Period Value Share Based Compensation		$ 200,000

STOCK INCENTIVE PLAN - Incentive Share Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Incentive Share Activity, Shares
Nonvested - Beginning Balance	70,000
Nonvested - Ending Balance		70,000
Performance Units Member [Member]
Incentive Share Activity, Shares
Nonvested - Beginning Balance	70,000	77,500
Granted	0	0
Forfeited	0	(7,500)
Vested	(29,000)	0
Nonvested - Ending Balance	41,000	70,000
Incentive Share Activity Weighted Average Grant Date Fair Value
Nonvested - Beginning Balance	$ 1.23	$ 1.22
Granted	0	0
Forfeited	0	1.15
Vested	1.78	0
Nonvested - Ending Balance	$ 0.84	$ 1.23

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Line Items]
Income Tax Expense Benefit	$ 19,378,150	$ 1,141,718
Tax Reform Act Effect	25,852,000	0
Bimini Capital Management [Member] \| Federal [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	19,100,000	19,300,000
DeferredTaxAssetsCapitalLossCarryforwards	$ 300,000	300,000
Operating Loss Carryforwards, Expiration Dates	Dec. 31, 2028
Capital Loss Carryover Expiration	Dec. 31, 2019
Bimini Capital Management [Member] \| Florida [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 18,500,000	18,600,000
Operating Loss Carryforwards, Expiration Dates	Dec. 31, 2028
Royal Palm Capital [Member] \| Federal [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 253,500,000	257,000,000
DeferredTaxAssetsCapitalLossCarryforwards	$ 100,000	0
Operating Loss Carryforwards, Expiration Dates	Dec. 31, 2025
Capital Loss Carryover Expiration	Dec. 31, 2022
Royal Palm Capital [Member] \| Florida [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 26,000,000	29,500,000
Bimini Advisors Holdings [Member] \| Federal [Member]
Income Taxes [Line Items]
Infinite Life Intangible	3,200,000	3,200,000
Deferred Tax Asset Infinite Life Intangible	$ 800,000	$ 1,300,000

INCOME TAXES - Components of Income Tax Provision (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Current	$ 70,000	$ 143,000
Deferred	19,308,000	999,000
Income tax provision	$ 19,378,150	$ 1,141,718

INCOME TAXES - Income Tax Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Feseral tax based on statutory rate applicable for each year	$ 984,000	$ 1,539,000
State income tax	157,000	245,000
Reduction of deferred tax asset due to enacted decrease in future tax rates	25,852,000	0
Reduction of deferred tax valuation allowance	(7,628,000)	(780,000)
Other	13,000	138,000
Income tax provision	$ 19,378,150	$ 1,141,718

INCOME TAXES - Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 59,691,000	$ 96,500,000
Orchid Island Capital, Inc. common stock	2,349,000	3,291,000
MBS	1,038,000	1,425,000
Management agreement	813,000	1,267,000
Tax hedges	49,000	366,000
Accrued expenses	148,000	330,000
Other	661,000	697,000
Gross	64,749,000	103,876,000
Valuation Allowance	20,224,000	40,043,000
Net deferred tax assets	$ 44,524,584	$ 63,833,063

EARNINGS PER SHARE (Details) - USD ($)	12 Months Ended
EARNINGS PER SHARE (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Class A Common Stock [Member]
Net Income (Loss) Available to Common Stockholders, Diluted [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic	$ (16,441,000)	$ 3,378,000
Net Income (Loss) Available to Common Stockholders, Diluted	$ (16,441,000)	$ 3,378,000
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Common Shares Outstanding	12,661,000	12,632,000
Unvested Dividend Eligible Shares Outstanding at the Balance Sheet Date	0	70,000
Effect of Weighting	(28,000)	(4,000)
Weighted Average Shares - Basic and Diluted	12,633,216	12,698,122
Income (Loss) Per Share - Basic	$ (1.3)	$ 0.27
Income (Loss) Pe Share - Diluted	$ (1.3)	$ 0.27
Class B Common Stock [Member]
Net Income (Loss) Available to Common Stockholders, Diluted [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic	$ (42,000)	$ 8,000
Net Income (Loss) Available to Common Stockholders, Diluted	$ (42,000)	$ 8,000
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Common Shares Outstanding	32,000	32,000
Effect of Weighting	0	0
Weighted Average Shares - Basic and Diluted	31,938	31,938
Income (Loss) Per Share - Basic	$ (1.3)	$ 0.27
Income (Loss) Pe Share - Diluted	$ (1.3)	$ 0.27

FAIR VALUE - Assets and Liabilities Recorded at Fair Value on Recurring Basis (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	$ 209,692,132	$ 130,301,989
Orchid Island Capital, Inc. common stock, at fair value	14,105,934	15,108,240
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	209,692,000	130,302,000
Retained Interests	653,000	1,114,000
Orchid Island Capital, Inc. common stock, at fair value	14,106,000	15,108,000
Fair Value, Inputs, Level 1 [Member] \| Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	0	0
Retained Interests	0	0
Orchid Island Capital, Inc. common stock, at fair value	14,106,000	15,108,000
Fair Value, Inputs, Level 2 [Member] \| Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	209,692,000	130,302,000
Retained Interests	0	0
Orchid Island Capital, Inc. common stock, at fair value	0	0
Fair Value, Inputs, Level 3 [Member] \| Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	0	0
Retained Interests	653,000	1,114,000
Orchid Island Capital, Inc. common stock, at fair value	$ 0	$ 0

FAIR VALUE - Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis (Details) - Retained Interest [Member] - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 1,114,000	$ 1,124,000
Gain (loss) Included in Earnings	645,000	2,425,000
Collections	(1,106,000)	(2,435,000)
Ending Balance	$ 653,000	$ 1,114,000

FAIR VALUE - Quantitative Information About Level 3 Fair Value Measurements - Prepayment Assumptions (Details) - Retained Interest [Member]	12 Months Ended
	Dec. 31, 2017
Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment Range	10.00%
Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment Range	10.00%
Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment Range	10.00%

FAIR VALUE - Quantitative Information About Level 3 Fair Value Measurements - Default Assumptions (Details) - Retained Interest [Member]	12 Months Ended
	Dec. 31, 2017
Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	100.00%
Range Of Loss Timining	Next 10 Months
Real Estate Owned [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	22.70%
Loans In Foreclosure [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	100.00%
Range Of Loss Timining	Month 4 - 13
Loans In Foreclosure [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	22.70%
Loans 90 Days Delinquent [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	100.00%
Range Of Loss Timining	Month 11-28
Loans 90 Days Delinquent [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 60 Days Delinquent [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	85.00%
Range Of Loss Timining	Month 11-28
Loans 60 Days Delinquent [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 30 Days Delinquent [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	75.00%
Range Of Loss Timining	Month 11-28
Loans 30 Days Delinquent [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Current Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	3.30%
Range Of Loss Timining	Month 29 and Beyond
Current Loans [Member] \| Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%

FAIR VALUE - Quantitative Information About Level 3 Fair Value Measurements - Cash Flow Recognition (Details)	12 Months Ended
	Dec. 31, 2017
Maximum [Member] \| Nominal Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	14.5
Fair Value Inputs Discount Rate	27.50%
Maximum [Member] \| Discounted Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	3.3
Fair Value Inputs Discount Rate	27.50%
Minimum [Member] \| Nominal Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	11.5
Fair Value Inputs Discount Rate	27.50%
Minimum [Member] \| Discounted Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	1
Fair Value Inputs Discount Rate	27.50%
Weighted Average [Member] \| Nominal Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	12.1
Fair Value Inputs Discount Rate	27.50%
Weighted Average [Member] \| Discounted Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	2.4
Fair Value Inputs Discount Rate	27.50%

SEGMENT INFORMATION (Details) - USD ($)	12 Months Ended
SEGMENT INFORMATION (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
SegmentReportingInformationLineItems
Advisory services, external customers	$ 7,431,359	$ 5,488,691
Advisory services, other operating segments	0	0
Interest and dividend income	8,573,000	6,578,000
Interest and Debt Expense	3,033,000	1,856,000
Net revenues	12,971,000	10,211,000
Other Income	(3,672,000)	60,000
Operating Expenses	6,403,000	5,743,000
Intercompany Expenses	0	0
Net (loss) income before income tax provision (benefit)	2,895,530	4,527,722
Assets	284,588,797	222,870,404
Asset Management Segment [Member]
SegmentReportingInformationLineItems
Advisory services, external customers	7,431,000	5,489,000
Advisory services, other operating segments	207,000	94,000
Interest and dividend income	0	0
Interest and Debt Expense	0	0
Net revenues	7,638,000	5,583,000
Other Income	0	0
Operating Expenses	3,016,000	2,640,000
Intercompany Expenses	0	0
Net (loss) income before income tax provision (benefit)	4,622,000	2,943,000
Assets	1,632,000	1,856,000
Investment Portfolio Segment [Member]
SegmentReportingInformationLineItems
Advisory services, external customers	0	0
Advisory services, other operating segments	0	0
Interest and dividend income	8,572,000	6,576,000
Interest and Debt Expense	1,796,000	747,000
Net revenues	6,776,000	5,829,000
Other Income	(4,306,000)	(2,675,000)
Operating Expenses	3,387,000	3,103,000
Intercompany Expenses	207,000	94,000
Net (loss) income before income tax provision (benefit)	(1,124,000)	(43,000)
Assets	267,429,000	199,883,000
CorporateMember
SegmentReportingInformationLineItems
Advisory services, external customers	0	0
Advisory services, other operating segments	0	0
Interest and dividend income	1,000	2,000
Interest and Debt Expense	1,237,000	1,109,000
Net revenues	(1,236,000)	(1,107,000)
Other Income	634,000	2,735,000
Operating Expenses	0	0
Intercompany Expenses	0	0
Net (loss) income before income tax provision (benefit)	(602,000)	1,628,000
Assets	15,528,000	21,131,000
Eliminations
SegmentReportingInformationLineItems
Advisory services, external customers	0	0
Advisory services, other operating segments	(207,000)	(94,000)
Interest and dividend income	0	0
Interest and Debt Expense	0	0
Net revenues	(207,000)	(94,000)
Other Income	0	0
Operating Expenses	0	0
Intercompany Expenses	(207,000)	(94,000)
Net (loss) income before income tax provision (benefit)	$ 0	$ 0

SEGMENT INFORMATION - Revenue From Major Customer (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
EntityWideRevenueMajorCustomerLineItems
Revenue	$ 16,004,400	$ 12,067,432
Total Revenue [Member] \| Orchid Island Capital [Member]
EntityWideRevenueMajorCustomerLineItems
Revenue	$ 7,400,000	$ 5,500,000
ConcentrationRiskPercentage1	46.00%	45.00%

RELATED PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
RELATED PARTY TRANSACTIONS (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Investment Income, Dividend	$ 2,518,660	$ 2,343,660
Orchid Island Capital [Member]
Related Party Transaction [Line Items]
Investment Owned Balance Shares	1,520,036	1,395,036
Equity Method Investment Ownership Percentage	2.90%	4.20%
Investment Income, Dividend	$ 2,500,000	$ 2,300,000